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Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas

Robinhood Crypto Fined  Million by New York Regulator for ‘Significant Failures’ in Multiple AreasThe New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” Robinhood Crypto Settles With the DFS The New York State Department of Financial Services (DFS) announced Tuesday that Robinhood Crypto LLC (RHC) will pay a […]

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Robinhood Launching New Non-Custodial Web3 Crypto Wallet

Robinhood Launching New Non-Custodial Web3 Crypto WalletTrading platform Robinhood is launching a non-custodial, web3 cryptocurrency wallet. “Customers will be able to hold the keys for their own crypto,” the company said. Robinhood Building Non-Custodial, Web3 Wallet Popular trading platform Robinhood announced Tuesday that it is “building a brand new non-custodial, web3 wallet that will allow customers to have total control of […]

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Robinhood Lists Shiba Inu and 3 More Cryptocurrencies — SHIB Price Soars

Robinhood Lists Shiba Inu and 3 More Cryptocurrencies — SHIB Price SoarsPopular trading platform Robinhood has listed shiba inu (SHIB) as well as three other popular cryptocurrencies. Supporters of the meme crypto have petitioned for months for Robinhood to list SHIB. Robinhood Finally Lists Shiba Inu Crypto Popular trading platform Robinhood announced the listing of four new cryptocurrencies Tuesday. The company wrote: We’re pleased to announce […]

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Robinhood Crypto Wallets Rolled Out to Over 2 Million Customers

Robinhood Crypto Wallets Rolled Out to Over 2 Million CustomersTrading platform Robinhood has rolled out its new crypto wallets to more than two million customers. In addition, Robinhood CEO Vlad Tenev announced that the platform will integrate with the Lightning Network “to bring even lower costs to our customers.” More Than 2 Million Users Can Now Use Robinhood Crypto Wallets Popular trading platform Robinhood […]

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Popular Trading App Robinhood’s Global Expansion Will Be ‘Crypto First’

Popular Trading App Robinhood’s Global Expansion Will Be ‘Crypto First’Popular trading app Robinhood has revealed that its international expansion will be “crypto first.” The company said from the regulatory standpoint, crypto is “probably the easiest way to go global.” The trading platform is also looking for compliant ways to list more cryptocurrencies. Robinhood Becoming ‘Crypto-First’ Company Steve Quirk, Robinhood’s chief brokerage officer, talked about […]

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Robinhood to Launch Crypto Trading Internationally — Sees ‘Immense Potential’ in Crypto Economy

Robinhood to Launch Crypto Trading Internationally — Sees ‘Immense Potential’ in Crypto EconomyRobinhood has “set aggressive goals to start opening its crypto platform up to customers internationally in 2022,” the popular trading platform revealed during its Q4 earnings call. “The company believes in the immense potential of the crypto economy and sees a big opportunity in serving customers across the globe.” Robinhood’s Crypto Earnings, Expansion Plans Robinhood […]

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Robinhood Begins Rolling Out Crypto Wallets to Select Customers

Robinhood Begins Rolling Out Crypto Wallets to Select CustomersTrading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest of the waitlist. Robinhood Lets 1,000 Customers Test Its Crypto […]

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Robinhood Turns to Chainalysis to Boost Compliance Ahead of Crypto Wallet Launch

Robinhood Turns to Chainalysis to Boost Compliance Ahead of Crypto Wallet LaunchPopular trading platform Robinhood has partnered with blockchain data platform Chainalysis to meet compliance requirements. Robinhood is preparing to launch its wallet, which has a waitlist of more than 1.6 million users. Robinhood Partners With Chainalysis for Compliance Blockchain data analytics firm Chainalysis announced Monday “an integrated partnership with online brokerage app Robinhood Crypto.” The […]

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Robinhood Testing New Crypto Wallet and Cryptocurrency Transfer Features: Report

Robinhood Testing New Crypto Wallet and Cryptocurrency Transfer Features: ReportStock trading and investing app Robinhood has reportedly been testing new features, including a crypto wallet and cryptocurrency transfers. “The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.” Robinhood to Add Crypto Wallet and Transfer Features Investing app Robinhood is […]

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Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue

Robinhood IPO Filing Reveals  Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto RevenueRobinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin. Robinhood’s IPO Prospectus Reveals Crypto Business […]

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