Goldman Downgrades Robinhood to Sell Amid Tough Environment for Crypto Brokerages
The investment bank also sees headwinds for Coinbase and Silvergate Capital to show up in first quarter results. Source
Read MoreThe investment bank also sees headwinds for Coinbase and Silvergate Capital to show up in first quarter results. Source
Read MoreCryptocurrency and stock trading app Robinhood will roll out its digital wallet feature for 2 million additional users.In a Thursday announcement at the Bitcoin 2022 Conference in Miami, Robinhood chief product officer Aparna Chennapragada said eligible customers who had been on the waitlist for the digital wallet — more than
Read MoreOnly a handful of wallet beta testers could move bitcoin (BTC), ether (ETH), dogecoin (DOGE) and a handful of other traded coins in and out of Robinhood’s walled garden before. Now, all waitlisted customers outside of regulatory no-go zones Nevada, New York and Hawaii can do so. Source
Read More“We’re excited about the prominent players in this industry coming forward to join us and amplify how important market integrity is,” Kathy Kraninger, vice president of regulatory affairs at Solidus Labs, told CryptoX. Before coming to Solidus Labs, Kraninger worked in government, most notably as the director of the Consumer
Read MoreChristine Brown spent five years at the popular, no-commission trading platform. Source
Read MoreThe current U.S. TRUST membership includes: Anchorage, Avanti, Bitgo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, Paxos, Robinhood, Standard Custody & Trust, Symbridge, Tradestation, Zero Hash and Zodia Custody. Source
Read MoreRobinhood has “set aggressive goals to start opening its crypto platform up to customers internationally in 2022,” the popular trading platform revealed during its Q4 earnings call. “The company believes in the immense potential of the crypto economy and sees a big opportunity in serving customers across the globe.” Robinhood’s Crypto
Read MoreRobinhood (HOOD) shares slid almost 13% to $10.12 in after-hours trading Thursday after the commission-free trading platform reported a decline in crypto revenue, and overall fourth-quarter revenue and earnings that fell short of analyst expectations. Original Source
Read MoreMeanwhile, Robinhood, whose crypto trading revenue has increased significantly in the last year, hit a low of $11.15 per share in the morning, down 87% from its 52-week high of $85. Shares rebounded to finish the day at $13.21, giving the company a market cap of just under $12 billion.
Read MoreTrading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest of the waitlist. Robinhood Lets 1,000
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