Robinhood, the popular trading platform, is set to acquire Bitstamp, a prominent U.K.-based crypto exchange, for $200 million in cash. This strategic purchase aims to support Robinhood’s global crypto presence and attract institutional clients, by introducing new product offerings. The transaction, bag to be finalized in the first half of
Robinhood revealed that its crypto trading API is now available to consumers in the US. The investment app broke the news on May 30 that it was trying to use an API to reach out to experienced cryptocurrency traders. Users in the United States may programmatically trade cryptocurrencies using the
As optimism surged, Robinhood Markets Inc. reported higher-than-expected profits for the first quarter of 2024. The business revealed revised financial results for the first quarter in a press statement dated May 8. Robinhood reported record revenue of $618 million, a 40% rise year-on-year, and GAAP Diluted EPS of $0.18, as
The new partnership between Polygon (MATIC) and Robinhood Wallet is a major step forward in Q2 2024 strategy. Users can use Polygon’s proof-of-stake network (PoS) to conduct cross-chain swaps in Robinhood Wallet. The partnership, which was unveiled on April 27, 2024, makes use of LI.FI and 0x Project technologies. Because
Robinhood now allows users of Android devices to access its cryptocurrency wallet. The Robinhood Wallet app, as stated in the release on March 20, is now accessible on Google Play. Since then, the app’s download count has topped 10,000. Johann Kerbrat, general manager of Robinhood Crypto, made the announcement on
More than 25 cryptocurrencies are now available on Robinhood’s platform, thanks to the recent addition of Circle issued USD Coin (USDC) by Robinhood’s European division. Plus, a program allowing USDC holders to receive incentives of up to 10% has been launched by the crypto exchange. In addition, today’s pre-market session
Robinhood Markets, Inc., has announced a collaboration with ConsenSys’s MetaMask to make buying cryptocurrency easier. The goal of this partnership is to improve the user experience by combining the efficient order engine of Robinhood with the popular digital wallet of MetaMask. This will make using Web3 technologies easier and safer
Following the SEC’s historic approval of 11 Spot Bitcoin ETFs on January 10, investors took notice of the Robinhood platform and CEO Vladimir Tenev the following day. Meanwhile, in light of the SEC’s recent landmark ruling, Robinhood’s co-founder and CEO Vladimir Tenev revealed the platform’s prospective intentions in a recent
The introduction of commission-free trading by Robinhood Markets Inc. is slated to radically alter the European cryptocurrency industry, according to Bloomberg’s announcement today. The platform is preparing to provide European investors access to more than 25 cryptocurrencies, after announcing its entry into the UK market. Importantly, this expansion falls in
The cryptocurrency markets have surged from a period of consolidation, showing an upswing since the commencement of the final quarter. Over the past few days, the crypto sphere witnessed the liquidation of more than $120 million in leveraged Bitcoin positions, propelling the BTC price beyond the $44,280 mark. Additionally, Robinhood
