Cathie Wood, the CEO of Ark Invest, has reportedly sold millions of dollars’ worth of shares in Coinbase (COIN) and Robinhood (HOOD) ahead of the businesses’ projected weaker-than-expected second-quarter earnings reports. Despite Cathie Wood’s continued Bitcoin optimism, her firm, Ark Invest, has been unloading its crypto-related stock holdings. Since the
Robinhood is preparing to expand internationally in order to gain customers in the UK. According to Bloomberg, as a direct result, the US stock trading app has recruited a key executive from the British fintech business Freetrade. On Tuesday, it was reported that Jordan Dane Sinclair has been appointed CEO
As Coinbase stock prices near a 52-week high, Ark Invest, the investment management business run by Cathie Wood, has liquidated some of its holdings in the company. After acquiring millions of dollars’ worth of Coinbase shares during the bear market, Ark Invest sold off part of its holdings twice this
Performance Wealth Partners LLC, a respected financial firm, recently acquired 10,000 shares in Robinhood Markets, Inc. (NASDAQ:HOOD), demonstrating confidence in the company despite its turbulent past. The purchase, worth roughly $97,000, comes as the company shows encouraging signs of recovery amid a resurgent cryptocurrency market. Significantly, the transaction follows a
On June 26th, Robinhood Markets announced that they will be laying off around 7% of its full-time staff. This equates to around 150 people. This change is being implemented as the company attempts to combat declining client engagement. The organization stated: “We’re ensuring operational excellence in how we work together
By purchasing X1, a company in the credit card industry, for $95 million, Robinhood has made a fresh move to diversify its business portfolio. The financial technology company provides prepaid and one-time use credit cards, as well as an income-based rewards credit card. According to a statement released by Robinhood
Robinhood announced on Friday that it would cease supporting some of the cryptocurrencies it is currently offering on its platform, possibly as a result of the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two of the top crypto exchanges, Binance and Coinbase, recently. In spite of the fact that
After the SEC’s assault on Binance and Coinbase, the publicly traded commission-free investing platform Robinhood is evaluating its cryptocurrency offerings. On Tuesday, June 6th, Robinhood’s head of law, Dan Gallagher, appraised Congress on the current position. Former SEC Commissioner and recent witness before the House Agriculture Committee on digital assets,
As the crypto revolution gains steam, traders globally appear keen on exploring new frontiers. Once a dominant trading platform Robinhood has a new major contender, Tradecurve (TCRV). The platform, which is gaining traction due to its explosive presale, is set for a meteoric rise. >>Register For The Tradecurve Presale<< Robinhood:
Robinhood, the stock and crypto trading platform, released its Q1 2023 results on May 10. The trading platform stated that its cryptocurrency transaction revenue declined by over 1% and reached $38 million. At the same time, overall transaction revenue has increased by 11%. Moreover, the platform also increased its assets
