Financial Giants Robinhood and Revolut Mulling Potential Stablecoin Rollouts: Report

September 27, 2024 The Daily Hodl

crypto

Retail trading platform Robinhood and digital banking app Revolut are reportedly looking at the possibility of issuing their own stablecoin. Citing people familiar with the matter, Bloomberg reports that the two financial technology giants are considering joining the $170 billion stablecoin market but are still opting not to proceed. A Robinhood spokesperson says the company […]

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Robinhood, Revolut eye entry into stablecoin market — Report

September 26, 2024 Coin Telegraph

Circle

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

Fintech giants Robinhood and Revolut are eyeing the stablecoin market, as new regulations in Europe promise to deliver regulatory clarity and impact crypto-native companies’ market share.

According to a Sept. 26 Bloomberg report citing unnamed sources, both Robinhood and Revolut are considering issuing their own stablecoins as the industry continues to expand.

The stablecoin market has been largely dominated by Tether’s USDt (USDT). The stablecoin issuer has benefited from the broader macroeconomic landscape and crypto market turbulence over the past two years, including banking crises and regulatory crackdowns on firms in the United States.

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Robinhood Settles With California for $3,900,000 After Probe Finds Users Were Blocked From Withdrawing Crypto

September 6, 2024 The Daily Hodl

California

Retail trading giant Robinhood is settling with the state of California for millions of dollars after an investigation uncovered users were stymied from withdrawing their funds. In a new press release, California’s Department of Justice says that Attorney General Robert Bonta settled with the crypto branch of Robinhood for $3.9 million for failing to let […]

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Robinhood reaches $3.9M settlement over blocked crypto withdrawals

September 5, 2024 Coin Telegraph

Robinhood reaches .9M settlement over blocked crypto withdrawals

AOG

Robinhood Crypto LLC has agreed to pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts between 2018 and 2022.

The crypto arm of Robinhood Markets has reached a $3.9 million settlement with California’s Justice Department over claims it stopped allowing crypto withdrawals between 2018 and 2022.

California Attorney General Rob Bonta said on Sept. 4 that it was the first public action against a crypto company by the California Department of Justice.

Bonta had alleged Robinhood Crypto LLC violated the state’s commodities laws by allowing customers to buy crypto without delivering those assets to them and who were forced to sell their crypto to Robinhood in order for their funds to leave the platform.

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Robinhood CEO Vlad Tenev Says Crypto and AI the Two ‘Big Technology Trends’ Transforming Finance

August 13, 2024 The Daily Hodl

crypto

Robinhood CEO Vlad Tenev says crypto and artificial intelligence are the two major technologies driving changes in financial services. In a new interview with Patrick O’Shaughnessy on the Colossus podcast, Tenev says that Robinhood has ambitions to play a role in the merging of AI and wealth management. “I think there’s two big technology trends […]

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Robinhood Reports 161% Surge in Q2 Crypto Revenue

August 10, 2024 Bitcoin.com

bitcoin.com

Robinhood Markets announced a record-breaking $682 million in revenue for the second quarter, highlighting a 161% rise in cryptocurrency revenue. Robinhood’s assets under custody also saw a 57% increase, driven by key acquisitions and the rising value of both equities and cryptocurrencies. Robinhood Reports Record Q2 2024 Revenues Driven by Cryptocurrency Trading Robinhood Markets, Inc. […]

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Robinhood CEO Vlad Tenev Says Tokenization ‘Next Transition’ for Financial Services: Report

July 17, 2024 The Daily Hodl

Blockchain

The CEO of trading giant Robinhood reportedly believes that tokenization is the future of financial services.

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Exchange Bitcoin Reserves Fall Sharply This Week, Reaching $4B Outflow

July 12, 2024 Bitcoin.com

Exchange Bitcoin Reserves Fall Sharply This Week, Reaching B Outflow

Binance

According to data from the past 40 days, the San Francisco crypto exchange and custody service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1. Meanwhile, Binance has reported inflows of approximately 30,082 BTC during the same period. Despite these shifts, centralized exchanges have seen 70,966 BTC, valued at $4 billion, withdrawn over the […]

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Robinhood Moves Forward With Acquisition of Bitstamp

July 7, 2024 Bitcoin.com

Acquisition

Robinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received the application on July 3, 2024. This is one of several […]

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Retail Trading Giant Robinhood Considering Launching Crypto Futures in US and Europe: Report

July 2, 2024 The Daily Hodl

crypto

One of the largest retail trading platforms in the world is considering launching crypto futures for customers in the US and Europe. According to a new Bloomberg report, Robinhood is looking at offering crypto futures trading in the US and European markets, but doesn’t have a specific timeline to do so. Said a Robinhood spokesperson, […]

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