News
Robinhood’s OpenAI and SpaceX tokens are controversial, but the fine print indicates that they offer indirect exposure to these companies through derivatives.
3965
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
Galaxy Digital warns Robinhood’s plan to tokenize stocks on its new chain could divert liquidity from NYSE and other major exchanges.
12989 - Newsletter
Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus.
5043 - News
The platform’s OpenAI private equity tokens were disavowed by the company, prompting OpenAI co-founder Elon Musk to call the AI firm “fake.”
12361 - News
Paxos launched the Global Dollar stablecoin in the EU, claiming MiCA compliance and support from Kraken, Robinhood and Mastercard under the GDN initiative.
12513 - Altcoin Watch
Solana's ETF launch sparks a brief rally, but fundamentals and institutional demand remain weak amid competition.
4943 - News
Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe.
17864 - News
Speculation has been growing of a potential tie-up between Arbitrum and Robinhood Markets after an X post.
20531 - News
Robinhood continues to expand its crypto services offering with micro futures contracts on leading assets.
5379 - News
Robinhood has acquired the world’s longest-running crypto exchange, Bitstamp, for $200 million, expanding its institutional crypto offerings to Europe, the UK and Asia.
6466 - 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.
9678 - News
Though pitched as improving financial accessibility, data shows that RWA's current ownership remains concentrated among high net worth participants.
3678 - News
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.
2557 - News
The deal reflects competition among crypto exchanges to dominate the burgeoning derivatives market.
4832 - News
The company has obtained a brokerage license in Lithuania as part of its planned expansion into the European market.
6001