Robinhood pledges commitment to digital assets amid steep drop in revenue
Robinhood saw its active users fall 12% and notional volume slump 24% in Q3 but remains bullish that it can ride out the "crypto winter."
Latest Robinhood News
Robinhood must face lawsuit over meme stock manipulation claims, judge rules
The meme stock saga from January 2021 is still haunting Robinhood, and investors who alleged it manipulated the market can pursue their case, a judge has ruled.
Robinhood lays off quarter of its workforce amid 75% dip in digital currency revenue
CEO Vlad Tenev took the blame for the layoffs, saying the company projected the high interest in its platform during the pandemic, and meme stock craze would last.
Robinhood Crypto fined $30 million by regulators
NYDFS Superintendent Adrienne Harris said Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance.
Robinhood axes 9% of full-time employees
The layoffs will help Robinhood to improve efficiency, increase velocity, and ensure that it can adapt to changing needs of users, according to the company.
Robinhood starts offering digital currency wallets
The brokerage has long offered its users the chance to buy and sell digital currencies like BSV, BTC, ETH, and DOGE but hasn’t until now enabled withdrawals to external wallets.
BTC price drops and Coinbase goes offline… temporarily
The Coinbase trading suspension might have been short and temporary, but for many it's enough to cause losses. Are regulators watching this space?
Chillax on Robinhood Crypto
Timothy Merkle offers an unpopular opinion that Robinhood’s recent decisions are reasonable, stating that the company is under no obligation to provide market access as its users demand.
Robinhood gearing up to launch digital currency wallet as user demand ratchets up
Trading app Robinhood is preparing to roll out a new digital currency wallet service, alongside functionality that would allow digital currency transfers through its platform.
Robinhood could lose main revenue stream as SEC ponders ban for payment for order flow
By removing payment for order flow, markets benefit from more efficient, transparent trading, according to SEC Chairman Gary Gensler.
Robinhood shifts focus to digital assets as it plans ‘bulletproof’ wallet
The announcement came as part of its Q2 earnings report, which saw the company report significant losses from the most recent quarter—despite an uptick in digital currency trading through the platform.
Robinhood completes $140M acquisition in first deal post IPO
The all-cash deal points to a direction of travel for Robinhood towards investing in technologies and companies in and around the brokerage and corporate sectors.