Robinhood Pays $3.9M Settlement Claim to Justice Department
Robinhood Markets’ crypto division has reached a $3.9 million settlement with the California Justice Department in response to allegations that it discontinued crypto withdrawals between 2018 and 2022. According to California Attorney General Rob Bonta, the California Department of Justice’s initial public action against a crypto company occurred on September 4. Bonta had claimed that […]
Robinhood Launches Update for Android Crypto Traders
Robinhood is also planning to offer Bitcoin and Ether futures, leveraging Bitstamp’s licenses after a $200 million acquisition. Robinhood’s Android software now offers two additional options for cryptocurrency trading: stop-loss and stop-limit orders. By bringing Android users into line with iOS users, this update makes it possible for both platforms to create automated actions depending […]
Robinhood Crypto Revenue Growth Records 161% In Q2
Robinhood crypto revenue In Q2 increased by 161% to $81M, resulting in a 40% increase in total revenue to $682M. The growth of options and crypto trading primarily drove this growth. Robinhood Markets, Inc . reported a significant increase in its second-quarter earnings, with cryptocurrency transaction revenues increasing by 161% to $81 million. In the […]
Robinhood Suspends 24-hour Trades Temporarily
On August 6, Robinhood suspended overnight trading at its 24-hour market execution venue, Blue Ocean ATS (BOATs). BOATs suspended overnight trading on Robinhood from 12:00 am UTC to 8:00 am UTC on August 6, according to Robinhood Help, the company’s support account on X. “You have the option to cancel your order at any time, […]
Robinhood Plans to Launch Crypto Futures in US, Europe
Cryptocurrency trading platform Robinhood is reportedly considering listing crypto futures in the US and Europe. In the upcoming months, Robinhood may sell Bitcoin futures in the US and Europe, according to a story published by Bloomberg News on Tuesday. The commission-free trading software intends to use Bitstamp’s licenses, a cryptocurrency exchange it plans to purchase […]