Robinhood’s Crypto Unit Slammed With $30M Fine
The digital currency arm of a commission-free brokerage firm, Robinhood Crypto, has been slammed with a fine of $30 million by the New York Department of Financial Services (NYDFS). The…
Robinhood Acquires Cross Crypto Exchange Trading Platform Cove Markets
Robinhood, a financial services company headquartered in California, announced on December 14 the acquisition of Cove Markets, a cross-exchange trading platform, by joining Robinhood crypto. Cove Markets is an API…
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Robinhood Testing New Crypto Wallet And Cryptocurrency Transfer Features: Report
Stock trading and investing app Robinhood has reportedly been testing new features, including a crypto wallet and cryptocurrency transfers. “The ability to deposit and withdraw cryptocurrencies is tricky to do…
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Robinhood IPO Filing Reveals $88 Billion In Cryptocurrency Trading, Dogecoin 34% Of Crypto Revenue
Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody,…