Robinhood has announced a $179 million all-cash deal to acquire Canadian crypto firm WonderFi, accelerating its international expansion. The agreement values WonderFi shares at C$0.36 each, representing a 41% premium over the May 12 closing price and a 71% premium over the 30-day volume-weighted average. The deal, confirmed on May
The American financial services company, Robinhood Markets Inc., is reportedly making a blockchain platform to trade tokenized U.S. securities for European investors. On May 7, Bloomberg in its report mentioned that this step will possibly include a collaboration with a digital-asset company, with Arbitrium (ARB) and Solana (SOL) being seen
Robinhood, has agreed to pay an astonishing $29.75 million to settle FINRA probes of its supervisory and compliance practices. Robinhood’s Regulatory Failures The deal follows a series of missteps that landed Robinhood in regulators’ crosshairs, such as anti-money laundering, supervisory, and customer protection rule breaches. The issues began amidst heightened
Uniswap is one of the largest and first-ever Ethereum-based decentralized exchanges. To offer more simplified transactional services, Uniswap recently partnered with Robinhood, MoonPay, and Transak. The DeFi platform is now making crypto-to-fiat transactions available to users. In its recent announcement made on its official X account, Uniswap Labs revealed that
A group of major players in the fintech and crypto world—Robinhood, Kraken, Galaxy Digital, and Paxos—have launched a new stablecoin, the Global Dollar (USDG), pegged to the US dollar and aimed at boosting accessibility and rewarding community engagement. [1 / 4] Today, we’re launching Global Dollar Network (@global_dollar ) —
The fintech company Robinhood, democratized finance with commission-free trades has launched its desktop platform. The firm further introduced futures and index options trading on its mobile app, on Wednesday at HOOD Summit 2024. The firm aims to compete with the traditional brokerages. Robinhood CEO Vlad Tenev reveals that the first
The retail investing platform Robinhood announced the launch of cryptocurrency transfers for its European users. This enables the Robinhood customers to deposit and withdraw more than 20 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). Moreover, for a limited time, the platform offers
Robinhood Markets Inc. and Revolut Ltd., two prominent fintech firms, are reportedly exploring the possibility of launching their own stablecoins, as per a Bloomberg report. If they entered the stablecoin market, the companies would follow the path of other financial giants like PayPal, which introduced its PYUSD stablecoin last year.
Robinhood Crypto LLC, a subsidiary of Robinhood Markets, has reached a $3.9M settlement with California’s Justice Department. The settlement follows allegations that the platform prevented customers from crypto withdrawal from their accounts between 2018 and 2022, violating state laws. California Attorney General, Rob Bonta accused Robinhood of breaching state commodities
Investors are taking notice of Robinhood after the company named AI expert Jeff Pinner as its new CTO. The news comes as the HOOD stock has been through some rough trading as of late, falling almost 20% in the last month. The statement caused the stock price to rise more
