Pressure is mounting for Robinhood to list one of the most popular meme coins on the market and the waitlist for the platform’s crypto wallet has grown to 1.6 million users. Robinhood COO Christine Brown has praised the Shiba Inu community but said safety was the platform’s priority over the “short term gain” of listing…
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Trading platform Robinhood has reported that 40% of its cryptocurrency transaction-based revenue was attributable to transactions in the meme cryptocurrency dogecoin in the third quarter. By comparison, dogecoin accounted for 62% of the company’s transaction-based revenue in the second quarter. Dogecoin Trading on Robinhood Robinhood Markets Inc. stated in its quarterly filing with the U.S.…
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Ark Investment took the opportunity to buy Robinhood shares at a discount following the trading company’s unsatisfactory earnings report. ARK Invest, the investment management firm focused on innovative tech led by Cathie Wood, took advantage of a dip in the price on Wednesday to buy nearly $80 million worth of Robinhood stock. As per daily…
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On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during…
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Robinhood CEO Vlad Tenev said crypto as an asset class is here to “stay” and revealed that over a million users have signed up to the firm’s crypto wallet waitlist. More than 1 million people are on the waitlist for Robinhood’s long-awaited crypto wallet according to CEO Vlad Tenev Speaking to Jim Cramer during CNBC’s…
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Investing platform Public, with over 1 million users, is rolling out cryptocurrency trading. “Crypto is gaining momentum as a compelling asset class for millions of investors,” the company said. Public Launches Cryptocurrency Trading Investing platform Public describes itself as “the investing social network where members can own fractional shares of stocks and ETFs [exchange-traded funds],…
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An influx of new users to the trading app and high demand for crypto products had previously resulted in longer customer service wait times. Popular trading app Robinhood announced Tuesday that it has launched round-the-clock phone support to better serve its ever-growing userbase, including the millions of users who’ve signed up to access cryptocurrency investments. …
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The SEC asserts that the defendants unlawfully gleaned more than $700,000 through a wash-trading scheme that targeted exchanges offering market maker rebates. The U.S. Securities and Exchange Commission has filed a complaint against two Robinhood users over an alleged wash-trading-based arbitrage scheme that utilized meme stocks. According to a Sept. 27 complaint, defendants Suyun Gu…
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AMC CEO Adam Aron has stated that the cinema giant will look to support Dogecoin movie ticket payments by the end of 2021, and real estate tokenization platform RedSwan is accepting DOGE too. The power of the Dogecoin meme is strong despite transaction levels of DOGE hitting the lowest they’ve been since 2017. Multiple firms…
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The company did not specify which tokens the digital wallet would support, but the app currently provides commission-free trading for BTC, ETH, LTC, BCH, BSV, DOGE, and ETC. Trading app Robinhood has opened up a waitlist to test a crypto wallet for users to hold their tokens. According to a Wednesday blog post, in October…
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