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.
Latest Robinhood News
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 $140M acquisition in first deal post IPO
The all-cash deal points to a direction of travel for Robinhood towards investing in technologies and companies in and around the brokerage and corporate sectors.
The Robinhood ($HOOD) IPO on Nasdaq
Robinhood, the US-based financial services provider, has gone public on the Nasdaq stock exchange under ticker-symbol $HOOD.
Robinhood Crypto to pay NY regulator $15M fine in anti-money laundering probe
In a regulatory filing with the U.S. Securities and Exchange Commission, the company revealed it’s facing the penalties over issues related primarily to anti-money laundering and cybersecurity.
Robinhood restricts access to digital currency
Robinhood has restricted user access to digital currency trading on its platform–this move comes after Dogecoin pumped 800%.
‘Repeated misstatements’ land Robinhood in hot water with US regulators
Robinhood is facing legal action from regulators in the United States, following accusations it has been marketing aggressively to inexperienced traders.