{"id":16565,"date":"2022-01-14T06:49:33","date_gmt":"2022-01-14T05:49:33","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=16565"},"modified":"2022-01-14T06:49:52","modified_gmt":"2022-01-14T05:49:52","slug":"robinhood-reaches-a-new-low-as-bitstamp-usa-and-ftx-us-joins-the-stock-market","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/robinhood-reaches-a-new-low-as-bitstamp-usa-and-ftx-us-joins-the-stock-market\/","title":{"rendered":"Robinhood reaches a new low as Bitstamp USA and FTX US joins the stock market"},"content":{"rendered":"\n
Robinhood <\/a>takes a different approach to the market than the two exchanges, starting with equities and going into crypto.<\/h5>\n\n\n\n
\"Robinhood<\/figure>\n\n\n\n

FTX US and Bitstamp USA are developing stock trading platforms, which would be a further setback for Robinhood \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>as its stock price plummets to new lows.<\/p>\n\n\n\n

Brett Harrison, the president of FTX in the United States, tweeted on Tuesday that the crypto exchange is “hard at work on stocks,” with a debut expected in “a couple months.”<\/p>\n\n\n\n

We\u2019re hard at work on stocks! Features we\u2019re planning for day 1: -Live BBO and historical candles-Stock screening\/search functionality-Basic fundamentals (market cap, P\/E ratio, dividend yield)-Portfolio performance tracking, order\/trade detailsWhat else should we have? pic.twitter.com\/q2bTpsfuna\u2014 Brett Harrison (@Brett_FTXUS) January 11, 2022<\/p><\/blockquote>\n\n\n\n

FTX' journey into the stock market<\/h2>\n\n\n\n

FTX <\/a>isn't new to the stock market. The crypto exchange's worldwide arm unveiled a function in October 2020 that allows consumers to trade tokenized equities fractionally.<\/p>\n\n\n\n

In a Jan 14 interview with Bloomberg, Bitstamp USA CEO Robert Zagotta stated the exchange is thinking about getting into equities, non-fungible tokens (NFTs), and crypto derivatives.<\/p>\n\n\n\n

Offering low-cost stocks trading <\/a>will enable the two crypto exchanges to attract a user base of meme stock investors akin to Robinhood, which offers both crypto and stock trading.<\/p>\n\n\n\n

At this point, Robinhood ($HOOD) isn't likely to embrace the added competition. The American financial services firm finished at an all-time low of $15.30 on January 13 as both stock and cryptocurrency activity cooled.<\/p>\n\n\n\n

Robinhood takes a different approach to the market than the two exchanges, starting with equities and working its way up to crypto. It's been adding new features to its cryptocurrency service for a while now, and the beta version of its crypto wallet <\/a>function is set to launch this month. Users will be allowed to take cryptocurrencies out of the platform as a result of this.<\/p>\n\n\n\n

$HOOD closes at an all time low.\u2014 unusual_whales (@unusual_whales) January 13, 2022<\/p><\/blockquote>\n\n\n\n

Interest from the Shiba Inu community might be a bright light for Robinhood. Shiba Inu Coin <\/a>($SHIB) has been surging thanks to reports that it might be listed on Robinhood as soon as next month. In just three days, the cryptocurrency has recovered roughly 30% of its value. CEO Vlad Tenev, on the other hand, has repeatedly disputed such allegations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Robinhood takes a different approach to the market than the two exchanges, starting with equities and going into crypto. FTX US and Bitstamp USA are developing stock trading platforms, which would be a further setback for Robinhood as its stock price plummets to new lows. Brett Harrison, the president of FTX in the United States, […]<\/p>\n","protected":false},"author":13,"featured_media":16571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6100,6545],"class_list":["post-16565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftx-us-3","tag-robinhoood"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/image-89.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=16565"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/16571"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=16565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=16565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=16565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}