Robinhood, Revolut eye entry into stablecoin market Report

Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.

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US losing edge in crypto due to SECs scorched earth tactics, Robinhood exec says

Robinhood’s Chief Legal Officer Daniel Gallagher criticized the US Securities and Exchange Commission’s (SEC) approach to crypto regulation in written testimony submitted for a Sept. 18 hearing before the House Financial Services Subcommittee on Digital Assets. Gallagher detailed Robinhood’s efforts to comply with SEC regulations, citing over a dozen meetings and calls over 18 months. […]

The post US losing edge in crypto due to SEC’s ‘scorched earth’ tactics, Robinhood exec says appeared first on CryptoSlate.

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Robinhood Stablecoin Plans: Is A New Crypto Asset On The Horizon?

Johann Kerbrat, the General Manager of Robinhood Crypto, has raised eyebrows in the crypto space after hinting that the firm may consider launching its own stablecoin. Kerbrat appeared on the Thinking Crypto podcast with Tony Edward and discussed how stablecoins are increasingly becoming a part of the crypto market. However, he did not provide any […]

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1Password patches flaw in Mac version that could have created attack vector

The flaw consisted of missing interprocess validations, which could have allowed an attacker to hijack the 1Password browser extension or command line interface.

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Robinhood (HOOD) Sees Record Revenues and Subscriber Growth in Q2 2024

Robinhood Markets, Inc. reported Q2 2024 financial results, showcasing record revenues, increased net deposits, and significant subscriber growth. (Read More)

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Robinhood says its 24-hour trading currently operating

Introduced in May 2023, the Robinhood 24-hour market service allows customers to invest on their own schedule.

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Robinhood Wallet has added support for Solana

Robinhood Wallet now supports Solana tokens, with the self-custody wallet available on iOS and Android. Solana price rose slightly after the news. The Robinhood Wallet, a self-custody wallet app available on iOS and Android, has added support for Solana (SOL). Robinhood announced the big news on August 27, providing a positive flip in Solana sentiment […]

The post Robinhood Wallet has added support for Solana appeared first on CoinJournal.

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Robinhood Markets, Inc. Reveals July 2024 Operating Metrics

Robinhood Markets, Inc. (NASDAQ: HOOD) reports July 2024 operating data, highlighting growth in funded customers, assets under custody, and trading volumes. (Read More)

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Robinhood Appoints AI Expert Jeff Pinner as New CTO

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Robinhood (HOOD) to Release Q2 2024 Earnings on August 7

Robinhood Markets, Inc. (NASDAQ: HOOD) will announce its Q2 2024 financial results on August 7, 2024, with an earnings call scheduled for the same day. (Read More)

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Robinhood Eyes Bitcoin Futures Launch in Europe and US

RobinhoodMarkets Inc., the popular commission-free trading platform, is making moves inexpanding its cryptocurrency offerings and geographical reach. The company has launchedits services in Hawaii, Puerto Rico, and the US Virgin Islands, whilesimultaneously exploring the possibility of introducing cryptocurrency futurestrading in both the United States and Europe.

Robinhood Expands CryptoOfferings, Eyes Futures Trading in US and Europe

Theexpansion into Hawaii comes on the heels of a regulatory change by the state'sDepartment of Commerce and Consumer Affairs, which no longer requirescryptocurrency services to obtain a money transmitter license to operate in thestate. This move has opened the door for Robinhood to tap into a marketpreviously known for its strict financial regulations.

Thanks tothis latest update, Robinhood Crypto services are available in every US state except New York. However, the process of obtaining licenses in variousadministrative regions of the United States has been lengthy, stretchingover the last six years.

Crypto trading on Robinhood is now available in Hawaii, Puerto Rico, and the US Virgin Islands pic.twitter.com/rpO4WDoLK3

Crypto Futures in the US andEurope Soon

In aparallel development, sources familiar with the matter revealed to Bloombergthat Robinhood is considering offering cryptocurrency futures in the US. andEurope in the coming months. The company reportedly plans to leverage licensesfrom itsrecent $200 million acquisition of Bitstamp Ltd., a deal expected to closein the first half of 2025.

The company increasingly focuses on cryptocurrency services in Europe, having launched astaking service just under two months ago. Currently, it is based solely onthe Solana token, but it is expected to be expanded to include additional assetsin the future.

Robinhood considering offering crypto futures in US, Europe, Bloomberg reports https://t.co/qgbfe7PzyC pic.twitter.com/QEaiAboIim

If theplans materialize, Robinhood could offer perpetual futures for Bitcoin andother digital tokens in Europe, utilizing Bitstamp's existing licenses. In the US,the company is eyeing the launch of CME-based futures for Bitcoin and Ethereum.

However, a Robinhoodrepresentative cautioned that these plans are not set in stone, stating,"We have no imminent plans to launch these offerings.

Thepotential move into crypto derivatives comes at a time when the global marketfor such products is booming. Recent data from crypto researcher CCDataindicates that in May, derivatives trading volumes reached $3.69 trillion, surpassingthe $1.58 trillion in spot trading on centralized exchanges.

Despitereceiving a Wells notice from the US Securities and Exchange Commissionearlier this year, Robinhood appears undeterred in its crypto ambitions. Thecompany has been actively broadening its cryptocurrency strategy, as evidencedby its Bitstamp acquisition and the recent obtainment of a futures brokerlicense from Marex.

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Robinhood Shuffles 2,700,000,000,000 Shiba Inu as SHIB Eyes Recovery 

American trading platform Robinhood moves a whopping 2.7 trillion Shiba Inu tokens between its wallets as SHIB battles to stage…

The post Robinhood Shuffles 2,700,000,000,000 Shiba Inu as SHIB Eyes Recovery  first appeared on The Crypto Basic.

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Robinhood Expands Services to New US Territories Amid Market Upheaval

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Robinhood is now available in Hawaii and select US territories

The brokerage platform took advantage of Hawaiis recent change to money transmitter licensing to expand to the non-contiguous United States.

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Robinhood Announces Acquisition of AI-Powered Investment Firm Pluto Capital

Robinhood acquires Pluto Capital, an AI-driven investment research firm, to enhance its services, providing personalized strategies, data analytics, and real-time financial insights. (Read More)

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Robinhood Brings Shiba Inu to New Markets: Hawaii, Puerto Rico, and US Virgin Islands

Hawaii, Puerto Rico, and U.S. Virgin Islands residents can now trade Shiba Inu (SHIB) through Robinhoods trading platform. Robinhood revealed…

The post Robinhood Brings Shiba Inu to New Markets: Hawaii, Puerto Rico, and US Virgin Islands first appeared on The Crypto Basic.

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Robinhood Acquires AI Investment Copilot Pluto to Enhance Investor Tools

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Robinhood Buys Pluto Capital to Boost AI Capabilities in Investing

Robinhood has acquired Pluto Capital, an AI investmentresearch platform, to strengthen its presence in the technology space. Accordingto the company, this acquisition promises intelligent, data-driven investingfor Robinhood users, mainly focusing on personalized investment strategies andreal-time insights.

Integrating AI-Powered Investment Strategies

By integrating Pluto, Robinhood seeks to enhance itsplatform with advanced data analytics capabilities. Pluto's AI models canreportedly process and interpret market data and identify trends andopportunities. Robinhood mentioned that this capability will enable users togain a competitive edge in the market.

One of Pluto's standout features is its ability tocustomize investment strategies to individual user profiles. By analyzingfactors such as risk tolerance, investment goals, and historical behavior,Pluto's algorithms generate customized recommendations. According to the firm,this personalization ensures that each investor's portfolio aligns perfectlywith their unique financial goals and preferences.

Additionally, the latest feature is expected tobenefit Robinhood investors from Pluto's real-time updates and insights,enabling swift and confident decision-making. Pluto's AI-driven analysis ensures that customer portfolios are continually optimized for betteroutcomes, balancing growth and risk according to individual preferences.

Real-Time Insights

Jacob Sansbury, the Founder and CEO of Pluto, has awealth of experience in Robinhood. Before founding Pluto, he led publisher andgame developer SDK tools at NVIDIA's GeForce Now cloud gaming service. Notably,Jacob was reportedly the youngest engineer ever hired at Bridgewater, where he focused onquantitative finance and systematic investing.

Speaking about the acquisition, Mayank Agarwal, RobinhoodsVP of Engineering, mentioned: "We are thrilled to welcome Pluto and JacobSansbury to Robinhood. They have built an impressive platform that is highlyregarded in the financial services industry. Importantly, their expertise inartificial intelligence coupled with a mission-aligned passion to democratizefinance will complement our teams effort to bring AI-powered tools to ourcustomers."

Early last month, Robinhood announced its agreement to acquire Bitstamp, a global cryptocurrency exchange. Founded in 2011, Bitstamphas a presence in Luxembourg, the UK, Slovenia, Singapore, and the US. Thisagreement seeks to boost Robinhood Crypto's global expansion. Bitstamp has morethan 50 active licenses globally and services customers in regions such as theEU, UK, US, and Asia.

Additionally, this acquisition marked Robinhood'sventure into the institutional business, leveraging Bitstamp's technology.Bitstamp's institutional offerings encompass white-label solutions, Bitstamp-as-a-service, institutional lending, and staking.

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Robinhood boosts AI capabilities with Pluto Capital acquisition

Robinhood has acquired AI-powered investment research platform Pluto Capital for an undisclosed amount. According to a July 1 statement, the purchase would allow Robinhood users to access several features, including enhanced data analysis, personalized investment strategies, real-time insights, and portfolio management. Under the deal, Pluto Founder and CEO Jacob Sansbury will join Robinhood to accelerate […]

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Robinhood Inks Game-Changing Deal To Acquire Crypto Giant Bitstamp For $200 Million

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