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Robinhood has raised a colossal $ 323 million in its latest funding efforts, making the millennial-focused stock-and-crypto trading app worth approximately $ 7.6 billion. Despite its mainstream appeal, the “no commission” broker is still worth less than Bitcoin-focused Coinbase, which boasts a valuation of more than $ 8 billion. Robinhood Touts New Features After $ 7.6 Billion Valuation The […]
The post Robinhood Raises $ 323 Million, Still Worth Less Than Coinbase appeared first on CCN Markets
Libra isn’t the only payment system that stands to threaten the banks. Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management feature. Robinhood COO Gretchen Howard is cited in Fortune as saying: “We’re going to come out with a cash management account soon.” The […]
The post Robinhood App Encroaches on Banking Turf with High-Yield Money Tool appeared first on CCN Markets
Robinhood, the popular commission-free trading app for stocks, options and cryptocurrencies, is reportedly gearing up to raise more than $ 200 million. According to a recent report by Bloomberg that cites insiders familiar with the matter, Robinhood is looking to raise the money at a likely valuation between $ 7-8 billion. However, the insiders note that the […]
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StockTwits, a social network that connects equity, crypto and commodity investors, announced this week that it is planning to launch Trade App, a social brokerage platform that will compete with industry-leader Robinhood. Introducing Trade App, a free social trading experience, coming soon, from StockTwits: https://t.co/Ppg3O3eIbv pic.twitter.com/kB9GJKY2ah — StockTwits (@StockTwits) April 18, 2019 According to the […]
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Earlier today, commission-free stock and crypto trading app Robinhood announced the acquisition of MarketSnacks, a popular financial news podcast and newsletter by Jack Kramer and Nick Martell. We have news for you. Literally. We’re excited to share that we’ve acquired MarketSnacks, a top rated financial newsletter and podcast, and will be re-launching it as @RobinhoodSnacks, […]
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According to a report by Techcrunch, Robinhood, the zero fee trading company based in the United States, is making plans to open an office in London and it has started recruiting to that effect. Various sources in and within London’s FinTech market have confirmed that Robinhood, which was launched back in 2013 and is valued
The post Robinhood Makes Hiring Efforts Ahead of UK Expansion appeared first on CCN
In today’s edition of The Daily we cover reports that Robinhood is working under the radar to hire staff in London for an expansion into the U.K., an auction of seized cryptocurrency in Northern Ireland, and comments from the founder of Fortnite developer Epic Games about rumored cryptocurrency partnerships.
Also Read: Mckinsey: Despite Billions of Dollars, Corporate Blockchains Have Achieved Little
Robinhood, the crypto-friendly stock trading application, recently launched a plan to offer checking and savings accounts. The accounts have a minimum 3% interest. It is part of their plan to become the world’s most used financial technology application. Co-CEO Baiju Bhatt said to CNBC at the time of the announcement: “If we roll this product
The post Robinhood Didn’t Consult Regulators on New Checking & Savings Account Products appeared first on CCN
Earlier today, two of the world’s hottest fintech startups, the US-based Robinhood and the UK-headquartered Revolut, separately announced new product offerings that could greatly benefit the crypto industry over the long-term and put pressure on bitcoin-hostile banks to begin modernizing their service lines. Bitcoin-Friendly Fintech Startups Want to Replace Banks Revolut, which recently achieved a
The post Pro-Crypto Fintechs Robinhood & Revolut Aim to Replace Bitcoin-Hostile Banks appeared first on CCN
Menlo Park-based Robinhood has launched savings and checking accounts for its US customers, according to a company blog post. The new accounts would follow the similar trend that we have become accustomed to: “fee-free, commitment-free and surprise-free” were the words used lavishly on the company’s website. Robinhood, which operates a crypto trading platform in addition to
The post Pro-Crypto Trading App Robinhood Launches Checkings & Savings Accounts appeared first on CCN
Robinhood, the popular commission-free trading app, recently dropped a hint on Twitter that it is currently considering adding TRON (TRX) to its platform. We're definitely hoping to add more coins moving forward, and we're aware of the demand for Tron. Stay tuned for any Robinhood Crypto updates! — Robinhood Help (@AskRobinhood) December 6, 2018 While the […]
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Residents of the 6th most populous U.S. state, Illinois, can now access the cryptocurrency trading services of Robinhood. In a tweeted statement, the trading app disclosed that Robinhood Crypto was now available in the prairie state, making it the 29th state in the U.S. to get the commission-free round-the-clock trading service. Trade winds are blowing
The post State #29: Robinhood Brings Zero-Fee Crypto Trading to Illinois appeared first on CCN
Robinhood is no doubt quite a revolutionary start-up. They have managed to completely rewrite the rulebook when it comes to retail brokerage and trading. Using a no fees model, they are giving users the opportunity to purchase assets such as equities, Indices and cryptocurrency at the same rate as the institutional markets. Many view them
The post Crypto-Friendly Robinhood under the Hood: Payments for Order Flow appeared first on CCN
Robinhood, the popular commission-free trading app for stocks, options and cryptocurrencies, announced late Wednesday night that it has officially launched Robinhood Securities, a new clearing system built from scratch. According to a previous announcement, Robinhood Securities will function to eliminate the need for third-party clearing companies, which commonly charge multiple fees that are ultimately passed […]
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Robinhood, the popular commission-free trading app that launched as a change of pace startup company in the wake of the 2008 financial crisis, has an antithetical underbelly that was just brought to light. According to a report by Bloomberg, Robinhood makes more than 40% of its revenue by selling its user order data to high-frequency […]
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In today’s edition of The Daily we cover stories about Robinhood expanding to its 25th American state, recently discovered mining malware, Coinbase ditching its crypto index fund, and a new blockchain job for a former advisor to president Trump.
Also Read: US Court Issues Emergency Order Halting a Planned Initial Coin Offering
Robinhood Markets, the stocks, options and crypto brokerage app, has reached its 25th U.S. state. This means its free trading app is now available across half of America. The Menlo Park-headquartered company announced this week that it has expanded its services to Ohio.
The post Halfway Milestone: Crypto Trading App Robinhood Launches in U.S. State #25, Ohio appeared first on CCN
Crypto trading app Robinhood is now available in more U.S. states. In October, the platform has launched services in Rhode Island, Tennessee and Arkansas. The move brings the total to 24 states whose residents can now make zero-commission trades in several leading cryptocurrencies.
Also read: Increasing Number of Crypto ATMs in Europe Support BCH
Robinhood, the popular mobile application that offers free trading of stocks, options, exchange-traded funds (ETFs), and crypto assets, has recently expanded its coverage in the U.S. adding Rhode Island, Tennessee and Arkansas since the beginning of October. The consecutive announcements made on social media came after the company launched in Alaska and Oklahoma last month.
“Alaska, thanks for bearing with us,” popular smartphone trading app Robinhood tweeted. “Trade Bitcoin and other cryptocurrencies, commission free.” Mere days after, it announced the same for Oklahoma. Residents of the two states can now trade bitcoin cash, dogecoin, ethereum, ethereum classic, and litecoin on its platform.
Also read: Colombia Crypto Exchange Asks New President for Banking Help
This week Robinhood, the booming smartphone stock and crypto commission-free trading app, announced it had extended its services to the US states of Alaska and Oklahoma. Effectively, the company is gaining on being available in nearly half of the United States.
Seeking Alpha has published an exposé by Logan Kane regarding free stock and crypto trading smartphone application Robinhood. Mr. Kane alleges the company “takes from the millennial and gives to the high-frequency trader” by accepting payment for order flow and selling order data for “over ten times as much as other brokers who engage in the practice.” Robinhood reached out to news.Bitcoin.com in response, explaining and defending its practices.
Also read: US Exchange Takes a Step Toward Crypto: Nasdaq Bids for Cinnober
