Robinhood Markets Inc., a prominent financial services company, has recently reported its second consecutive quarterly profit, benefiting from higher interest rates and the surging popularity of cryptocurrency trading. This article explores the factors contributing to Robinhood’s financial success while highlighting…
SEC Issues Warning to Robinhood Over Crypto Business Amid Regulatory Crackdown
The US Securities and Exchange Commission (SEC) has issued a warning to Robinhood Markets Inc., a renowned stock trading platform, regarding its crypto business. This development signifies the SEC’s unwavering commitment to its ongoing crackdown on digital assets. In response,…
Robinhood and Uniswap Team Up to Ease Crypto Buys for American Customers
In a recent announcement, Robinhood, a popular online brokerage, unveiled an exciting update that brings added convenience to users of the Uniswap mobile app. Thanks to the integration of Robinhood Connect, individuals can now purchase crypto assets directly using their…
Robinhood Wallet Adds Polygon MATIC Cross Chain Swaps in Early Q2 2024
In early Q2 of 2024, Polygon (MATIC) experienced significant growth and integration, despite the relatively lackluster performance of the MATIC price. One notable development during this period is the addition of a new function on the popular stocks and crypto…
Robinhood Exchange Debuts Android Crypto Wallet for Enhanced Digital Asset Management
Robinhood, the cryptocurrency trading platform, has made a significant move in the digital asset space by officially launching its highly anticipated crypto wallet for Android users. This expansion aims to cater to the growing demand for accessible and seamless cryptocurrency…
The $7.5 Trillion Surge in Digital Assets by 2025 with Robinhood at the Forefront
The landscape of digital assets is on the brink of a transformative explosion, with projections estimating the market value to soar to an astonishing $7.5 trillion by 2025. This unprecedented growth trajectory signifies a pivotal moment in the financial sector,…
Robinhood Acquires Over $3 Billion Bitcoin. Are Large Institutions Now Interested in Crypto Holding?
For many weeks, there’s an increment in the chaos in the crypto market. Many whales are engaging in many trades, including buying and selling. Recently, a crypto wallet became the third largest Bitcoin wallet holder. However, the identity of the…
Robinhood’s Crypto Business Practices Under Investigation by SEC
Robinhood’s Crypto Business received SEC Subpoena during the month of December as per the 10-K filing. Robinhood Markets, a leading online brokerage firm, has recently disclosed in its latest 10-K filing that it has received an investigative subpoena from the…
Russia Restricts Crypto Trading to Curb Capital Flight
Crypto investors in Russia will soon find it difficult to escape plummeting interest rates in savings accounts as the Central Bank of Russia works to prevent capital flight. As per a Dec 30 announcement, the Central Bank of Russia is…
Transaction Fee-less crypto trading to begin with Robinhood
Starting February, Robinhood, a commission-less stock trading application will let its users trade Bitcoin and Ethereum without the dreaded transaction fees. Compared to major exchanges like Coinbase, Binance, and others that charge fees from 1.5% to as much as 4%,…