Robinhood launches crypto trading app in the EU LeapRate

December 08, 2023 BY Elizabeth Anderson

Robinhood launches crypto trading app in the EU

Robinhood’s General Manager, Johann Kerbrat, said that the EU was selected as its “anchor” region for international expansion due to its highly developed crypto laws and regulations – this includes the comprehensive Markets in Crypto-Assets (MiCA) Act. Robinhood believes adhering to these stringent regulations will make its product more appealing to a European audience. Don’t…

December 01, 2023 BY Elizabeth Anderson

Robinhood riding on third-time-lucky with 2024 UK investments app

CEO Vlad Tenev was confident on Thursday as he announced the upcoming launch. Many would be apprehensive after two failed launches in a region, but Tenev said there was no sense of “deja vu”. He believes Robinhood is capable of serving customers “tightly”. One major advantage for the company, is that it has already secured…

August 11, 2023 BY Elizabeth Anderson

Robinhood defeats meme stock frenzy appeal

At the time, customers owning stocks such as AMC Entertainment, the previous Bed Bath & Beyond, and Gamestop, claim they lost money because Robinhood prohibited these stock buys as social media activities caused prices to skyrocket. Other stockholders claimed the restrictions caused price drops. Investors using online stages such as Twitter and Wall Street Bets…

June 23, 2023 BY Steffy Bogdanova

Robinhood enters an agreement to acquire credit card firm X1 for $95 million

Tenev commented: This acquisition will bring us closer towards our goal of serving the entirety of our customers’ critical financial needs. Together with X1, Robinhood will now be able to offer our customers access to credit. Deepak Rao, CEO and co-founder of X1, said When founding X1, we set out to create a different kind…

June 12, 2023 BY Alan Sayer

Robinhood to End Support for Cardano, Polygon, and Solana

While the decision to end support for Cardano, Polygon, and Solana comes as part of the company's regular review, it also follows the three tokens being named as securities in the recent Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase. Currently, Robinhood offers users the ability to buy and sell 18 cryptocurrencies. However,…

June 07, 2023 BY Alan Sayer

Robinhood to Assess Crypto Offerings Following Recent Binance, Coinbase News

The SEC revealed Monday that it was charging Binance and said BNB and Binance USD are unregistered securities. In its documents, the SEC also listed ten other digital currencies as unregistered securities, including ADA, SOL, FIL, MATIC, ATOM, MANA, SAND, ALGO, AXS, and COTI. Furthermore, the SEC announced on Tuesday that it had charged cryptocurrency…

May 11, 2023 BY Steffy Bogdanova

Robinhood reports Q1 revenue of $441 million surpassed by $511 million net loss

However, Robinhood's $441 million revenue for the first quarter still exceeded market expectations. The company reported an increase of 11% quarter-over-quarter (QoQ) in its transaction-based revenues, reaching $207 million during the first quarter. This was driven by an increase of 7% in options trading and 29% in equities, generating $133 million and $27 million in…

February 28, 2023 BY Steffy Bogdanova

SEC subpoenas Robinhood over crypto listings

Robinhood said: To the extent that the SEC or a court determines that any cryptocurrencies supported by our platform are securities, that determination could prevent us from continuing to facilitate trading of those cryptocurrencies (including ceasing support for such cryptocurrencies on our platform). It could also result in regulatory enforcement penalties and financial losses in…

February 09, 2023 BY Steffy Bogdanova

Robinhood Q4 2022 net loss falls to $166 million

Monthly Active Users in the final three months of the year decreased by 0.8 million to 11.4 million, as customers continued to navigate the volatile market. Full year results Robinhood reported that net revenues for the full year 2022 came in at $1.36 billion. The figure registered a 25% decrease compared to the previous year’s $1.82…

November 03, 2022 BY Steffy Bogdanova

Robinhood sees total net revenue of $361 million in Q3

Options trading brought in $124 million revenue, gaining 10% to previous quarter. Cryptocurrency trading decreased 12% QoQ to $51 million and equities trading increased 7% QoQ to $31 million. Vlad Tenev, CEO and Co-Founder of Robinhood Markets, said: In the third quarter we achieved our goal of reaching adjusted EBITDA profitability, a quarter earlier than…

Tag: Robinhood