Tag: Robinhood

Robinhood
July 21, 2022 BY Steffy Bogdanova

Robinhood announces options trading for cash account holders

The American broker offering commission-free services noted that all eligible customers will now have access to options trading once reviewed. The company said: Options trading entails significant risk and is not appropriate for all customers, which is why all interested customers must apply for options access and have their account reviewed to determine if they…

Read more
Robinhood
June 28, 2022 BY Steffy Bogdanova

FTX exploring acquisition of Robinhood Markets

Bankman-Fried recently bought a 7.6% stake in Robinhood through his company Emergent Fidelity Technologies. Robinhood Markets is controlled by its co-founders, Chief Executive Officer Vlad Tenev and Chief Creative Officer Baiju Bhatt, who hold more than 50% of the voting power. Robinhood Markets’s commission-free model disrupted the retail stock trading industry. The brokerage gained a…

Read more
Robinhood
April 29, 2022 BY Steffy Bogdanova

Robinhood sees a 43% revenue drop in Q1 2022

Client numbers were also down Robinhood saw significant drops in client metrics, as well. Monthly active users on the platform decreased 10% to 15.9 million for March 2022, compared with 17.7 million for March the previous year. The numbers were also down 8% form the end of December 2021. The broker attributed the decline to…

Read more
April 20, 2022 BY Steffy Bogdanova

Robinhood to acquire UK digital currency firm Ziglu

Mark Hipperson, Founder and CEO of Ziglu, commented: Ziglu and Robinhood share a common set of goals, working to reduce the barriers to entry for a new generation of investors, and we’re excited to pursue  that mission together. As part of Robinhood, we’ll supercharge Robinhood’s expansion across Europe and bring better access to crypto and…

Read more
Robinhood
April 12, 2022 BY Steffy Bogdanova

Robinhood expands crypto offering with four cryptocurrencies

With its latest announcement, Robinhood is addressing the demand for broader selection of cryptocurrencies. Steve Quirk, Chief Brokerage Officer at Robinhood, commented: We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto. As a safety-first company, we have a rigorous framework in place…

Read more
Robinhood
February 16, 2022 BY Steffy Bogdanova

Robinhood teams up with Amplify Latinx to expand footprint in Latino communities

Mary Elizabeth Taylor, the Vice President of External Affairs and Community at Robinhood Markets, stated: Our partnership with Amplify Latinx is an extension of our mission to democratize finance for all. Their work to uplift Latinx entrepreneurs, champion leadership opportunities for the Latinx community, and address systemic issues, such as the Latina pay gap, all…

Read more
Robinhood
January 28, 2022 BY Steffy Bogdanova

Robinhood sees $423 million net loss in Q4 2021

Vlad Tenev, the CEO and Co-Founder of Robinhood Markets, commented: We had a momentous year, nearly doubling the number of customers on the platform and making critical investments in our team and infrastructure to support growth. This year, we'll expand our ecosystem of products that make Robinhood the best place to start investing and build…

Read more
January 07, 2022 BY Steffy Bogdanova

Steve Quirk joins Robinhood Markets as Chief Brokerage Officer

Steve Quirk said: Robinhood has been a transformative force in the industry in breaking down barriers for millions of retail investors. I’m thrilled to be joining Robinhood’s leadership team and continue building towards their mission to democratize finance for all. Quirk most recently worked TD Ameritrade, where he oversaw the strategy and deployment of initiatives…

Read more
Robinhood
December 15, 2021 BY Steffy Bogdanova

Cross-exchange crypto trading platform Cove Markets acquired by Robinhood

Christine Brown, Chief Operating Officer of Robinhood Crypto, said: Scott, Victor and the Cove Markets team will bolster our crypto trading platform and help us strengthen our leadership in the crypto industry. Their wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits…

Read more