Robinhood Expands Crypto Services to Nevada with Shiba Inu
Robinhood, the popular crypto trading platform, has announced that it will offer its services to Nevada residents, including meme coins like Shiba Inu (SHIB). The California-based crypto trading platform has attracted the attention of the crypto market enthusiasts after it announced to extend its services to Nevada, U.S. According to the announcement, the platform is […]
Robinhood Buys Back SBF’s Stake from US Government
Robinhood, a cryptocurrency and stock trading platform, has announced the acquisition of more than 55 million shares of the company previously held by Sam Bankman-Fried (SBF) for $606M. According to a blog post published on August 31, Robinhood acquired 55,273,469 shares for approximately $606 million after filing with the United States Securities and Exchange Commission. […]
Arkham Intelligence Ranks Robinhood as 5th-largest ETH holder
Arkham Intelligence analytics platform has identified crypto trading platform Robinhood as a prominent holder of Ether ETH and the owner of the fifth-largest ETH wallet, containing approximately $2.54 billion worth of the cryptocurrency. Arkham stated on X (previously Twitter) that its discovery of Robinhood’s possession of the third-largest Bitcoin wallet attracted considerable interest. However, according […]
Robinhood Reportedly Lays Off 7% of Full-Time Staff
According to internal company messages, roughly 7% of full-time staff, amounting to 150 employees, are being laid off by online brokerage firm Robinhood Markets. According to an internal company message seen by The Wall Street Journal, Robinhood’s chief financial officer, Jason Warnick, stated that the reductions were made to “adjust to volumes and better align […]
Robinhood Gives Users New Way to Fund Their Web3 Wallets
The feature, Robinhood Connect, is already available on several decentralized apps, with more to onboard in the coming months. With the release of Robinhood Connect, a ground-breaking update, customers of the company’s cryptocurrency wallet now have direct access to their login information and funds using decentralized finance (DeFi) protocols and applications without using the Robinhood […]