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Robinhood launches fiat-to-crypto on-ramp for self-custody wallets and DApps

The launch of "Robinhood Connect," a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27.Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBAA low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO— Robinhood (@RobinhoodApp) April

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Robinhood Reaches $10M Settlement with State Securities Regulators for Failing Investors

Multifaceted trading platform Robinhood will pay the $10 million fine to DFPI following an investigation by NASAA. Robinhood (NASDAQ: HOOD) has reached a $10.2 million settlement with the California Department of Financial Protection and Innovation (DFPI). According to reports, the financial services company is paying the penalty for “operational and technical failures”

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Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm

"In addition, prior to March 2021, there were deficiencies at Robinhood in its review and approval process for options and margin accounts, weaknesses in the firm’s monitoring and reporting tools, and insufficient customer service and escalation protocols that in some cases left Robinhood users unable to process trades even as

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US state regulators announce $10M settlement with Robinhood ‘for failing investors’

The California Department of Financial Protection and Innovation said that the company behind cryptocurrency and stock trading platform Robinhood will likely pay more than $10 million in penalties “for operational and technical failures that harmed main street investors.”In an April 6 announcement, the DFPI said the settlement — up to

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Robinhood reportedly suspends USDC depositing and trading

Robinhood, a platform that allows the commission-free trading of, among other instruments, cryptocurrencies, via a mobile app, has halted the depositing and trading of USDC. Robinhood temporarily pauses depositing and trading of USDC Reports on Mar. 11 show that the trading portal has temporarily paused the trading and depositing of USDC. The

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Cathie Wood’s Ark Invest Purchases More Robinhood & Coinbase Shares

Investment management powerhouse Ark Invest has added more Robinhood and Coinbase stock to its holdings amid tame tech developments.  According to reports, Ark Invest recently shored up on more Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN) stock. The Florida-based investment management firm purchased $9.97 million worth of HOOD stock and $3.44 million in COIN yesterday.  The purchase

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