Robinhood to lay off 7% of its staff
The online broker Robinhood will cut about 7% of its staff, according to The Wall Street Journal, citing an internal company memo.Robinhood is a financial services company known for its commission-free stock trading app.
Robinhood to lay off 7% of its staff
The online broker Robinhood will cut about 7% of its staff, according to The Wall Street Journal, citing an internal company memo.
Robinhood to acquire fintech startup X1 for $95 million
Online broker Robinhood has agreed to acquire X1, a platform that offers a no-annual-fee cashback credit card. The deal is expected to be worth about $95 million.
Robinhood’s crypto trading volume falls 68%
The Robinhood platform reported a fall in crypto-asset trading volume.
Robinhood to discontinue support for Cardano, Polygon and Solana
From June 27, the Robinhood online brokerage platform will discontinue support for Cardano (ADA), Polygon (MATIC) and Solana (SOL).
Robinhood’s cryptocurrency revenue falls 30% year on year
In the first quarter of 2023, Robinhood's revenue from crypto-related activities fell 30% year-on-year to $38 million.
Robinhood launches fiat gateway for non-custodial wallets and dapps
The online broker Robinhood unveiled a fiat-to-crypto on-ramp with support for decentralized applications (dapps) and non-custodial wallets.
Robinhood to pay up to $10.2 million in penalties to U.S. regulators
The online broker Robinhood will pay up to $10.2 million in penalties for operational and technical failures that harmed investors, according to NASAA.
Robinhood launches iOS version of cryptocurrency wallet
The online broker Robinhood has introduced the globally available iOS version of the non-custodial Robinhood Wallet.
Robinhood received an SEC subpoena following the FTX collapse
In December 2022, the SEC sent Robinhood a subpoena regarding the platform's cryptocurrency services, according to the annual report.
Robinhood’s cryptocurrency revenue fell 24% to $39 million
In Q4 2022, Robinhood's revenue from cryptocurrency-related operations fell 24%, to $39 million. The company said so in the report.We use cookies to improve the quality of our service.
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