As a result of the recent announcement that Binance would acquire Sam Bankman-Fried’s FTX. The popular trading platform Robinhood has seen its share price drop by over 20% to roughly $9.74. FTX had previously purchased a 7.6% stake in Robinhood in May. Prior to the announcement of the FTX acquisition,
Bitcoin and Ethereum are still ranging in a confined range. Shares gained almost 4% in after-hours trading, reaching about $12. Even as Crypto winter warms up, the investment app Robinhood is still feeling the effects. The firm said on Wednesday that its revenue from cryptocurrency transactions had dropped by 12%
On Monday, Robinhood announced on Twitter the new addition. With today’s update, the platform now supports 19 different crypto assets. The stock and crypto trading platform, Robinhood, now supports Tezos (XTZ) and Aave (AAVE). Letting users buy, sell, and trade the tokens. On Monday, Robinhood announced on Twitter that it
There is a Change.org petition circulating to get LUNC included on Robinhood. Nearly 13,000 people responded to the tweet. Stock and cryptocurrency trading platform Robinhood conducted a twitter poll on which cryptocurrency should be added to the platform next. LUNC was requested to be included by the Terra Classic community,
QDS Land created a petition about a month ago to get LUNC listed on Robinhood. The petition now reached 5,220 signatures, as it required at least 5,000. The Terra Classic community is continuously attempting to boost the Terra Luna Classic (LUNC). Now, the community is attempting to get the LUNC
The beta version will allow the first 10,000 clients on the waiting list. The iOS-only app will purportedly have “no network fees” for crypto trading. In an official announcement, Robinhood said that the beta version of its Web3 wallet was now available, allowing the first 10,000 clients on the waiting
Coins and stocks are both available for trading on Robinhood. WazirX will no longer support the stablecoins USDC, USDP, and TUSD. According to the company’s Twitter, Robinhood has added support for trading USDC. The online brokerage platform has lately been adding new cryptocurrencies for trading, and USDC is the most
MATIC is now available for trading on the Robinhood platform. Robinhood users can utilize MATIC on the PoS chain to perform a variety of tasks. Robinhood, the leading trading platform in the US has now opened gates for MATIC tokens. MATIC is the native token for the Polygon network, which
Robinhood has been slow to add new crypto to its platform in recent months. Despite the listing, ADA investors have shown little enthusiasm. Recently, Cardano (ADA) has seen nothing but positive developments, with the listing of ADA on Robinhood, a U.S. retail investing platform, and the release of the first
Three months ago, Robinhood laid off 9% of its full-time employees. 713 workers would be impacted by a 23 percent drop in employment. Retail investing giant Robinhood has had a wild year. The fintech company is cutting 23 percent of its personnel. Three months ago, Robinhood laid off 9% of
