Robinhood is a financial services company known for its commission-free stock trading app.
Robinhood Crypto Fined $3.9 Million Over Asset Withdrawal Ban
The cryptocurrency division of online broker Robinhood will pay a $3.9 million fine as part of a settlement with the California Department of Justice. The settlement concludes an investigation by the department into the company’s violations of the state’s commodities law. Prosecutors initiated the case following complaints from platform users. Complaints against Robinhood Crypto included: […]Robinhood’s Cryptocurrency Trading Revenue Soars 161% in Q2
The online broker Robinhood reported $81 million in revenue from cryptocurrency trading for the April-June period. This figure marks a 161% increase compared to the second quarter of the previous year and is double the revenue generated from stock-related metrics ($40 million). The largest source of revenue for the company remained options trading, which brought […]Robinhood to Acquire Bitstamp for $200 Million by Mid-2025
The management of online broker Robinhood has agreed to acquire Bitstamp, the oldest European cryptocurrency exchange, for $200 million in cash, according to Reuters. The transaction is expected to close in the first half of 2025, pending regulatory approval. This initiative aims to expand Robinhood’s presence in the digital asset market. The acquisition of Bitstamp, […]SEC Warns Robinhood of Potential Lawsuit
The cryptocurrency division of online broker Robinhood has received a warning from the U.S. Securities and Exchange Commission (SEC) regarding a potential lawsuit. The notice in question is a Wells notice, a letter indicating that the agency has found violations of securities laws and that the matter may proceed to court. “After several years of […]Robinhood Expands to Include Spot Bitcoin ETFs in the US
On January 12, online broker Robinhood enabled trading for all eleven SEC-approved spot Bitcoin ETFs for its US clients. Excited about the Bitcoin ETF news? All 11 are now available on Robinhood: https://t.co/hDdECIUz70 And when you transfer your brokerage account into Robinhood you get a 1% bonus on us: https://t.co/2mExIfm5T9. Terms apply. pic.twitter.com/bZ6TbAzNhN — Robinhood […]We use cookies to improve the quality of our service.
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