News
Robinhood has filed a proposal with the US SEC to establish a national framework for real-world asset tokenization, including plans for a new trading platform.
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Robinhood News
Robinhood is a trading platform that allows users to buy and sell cryptocurrency. Technically, Robinhood is a cryptocurrency broker that allows users to transact, purchase and store altcoins and Bitcoin (BTC).
Unlike most exchanges, users cannot withdraw their cryptocurrencies from their Robinhood accounts. Instead, they need to sell their coins or tokens and transfer the proceeds from the sale to an external account. The platform offers coins such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Dogecoin (DOGE) and accepts USD fiat currency. In addition to these cryptocurrencies, users can purchase stock, options and exchange-traded funds (ETF) on Robinhood.
Robinhood is one of the most popular crypto platforms due to its user-friendly interface. Also, there are no charges for opening an account, trading or transferring cryptocurrency out of Robinhood. The company derives its income from transaction-based sources, including payments for order flow.
- News
Though pitched as improving financial accessibility, data shows that RWA's current ownership remains concentrated among high net worth participants.
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Robinhood will acquire Canadian crypto firm WonderFi for $179 million in cash, joining a growing wave of crypto M&A as it expands its global reach.
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The deal reflects competition among crypto exchanges to dominate the burgeoning derivatives market.
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The company has obtained a brokerage license in Lithuania as part of its planned expansion into the European market.
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Robinhood beat Wall Street estimates even as its first-quarter crypto revenues fell 30% over the quarter, contributing to an overall revenue drop.
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Competition is heating up among US exchanges for control of the derivatives market for digital assets.
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As of March 4, Coinbase controlled 3.84 million ETH across 120,000 validators, accounting for 11.42% of all staked Ether.
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Robinhood has flagged plans for an AI assistant that will provide insights about market trends and stocks to traders alongside plans for on-demand cash deliveries.
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Massachusetts Secretary of State Bill Galvin has reportedly opened an investigation into Robinhood over its offering of sports-related event contracts.
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US crypto exchanges are doubling down on derivatives offerings as crypto futures and options surge in popularity.
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Brokerage firm Robinhood is partnering with Kalshi to launch an event contract platform.
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Memecoin listings have been accelerating among US crypto exchanges since President Donald Trump’s election win.
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Robinhood agreed to pay $29.75 million in fines and restitution for failing to respond to several “red flags” stemming from its supervision and compliance practices.
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The SEC’s decision to drop its lawsuit against Coinbase raises questions. Is this a turning point for crypto regulation or a political reward for industry donations?
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