Robinhood

Robinhood crypto revenue is down quarter-on-quarter. Will securing more than half a billion in shares from Bankman-Fried make it all better?

Sei recently secured an additional $20 million in ecosystem funding from crypto asset trading platform MEXC

Compared to its namesake, Craig Wright’s BSV is off 13% since Robinhood said it would market sell after delisting on Jan. 25

The shares, once worth more than $600 million, have plunged since they’ve been stuck in legal limbo

FTX attorneys had previously tried to lay their own claims to the outstanding shares

A Sam Bankman-Fried holding company pledged Robinhood stock as collateral for more than half a billion dollars in loans from BlockFi

Robinhood was trading 4% higher after hours

Robinhood recently announced a roughly 23% decrease in its staff after a round of layoffs in August

The offer this week tanked from $170 million to $72.5 million

Recruiting firm executive estimates one-third of Robinhood layoffs will be digital asset-focused roles

The company seeks to use its $6 billion balance sheet to potentially acquire companies at attractive valuations

New York’s financial watchdog cites shortcomings at the trading app’s crypto trading division as the source of the sanction

Analysts had predicted a decline in earnings prior to the layoff announcement

Robinhood’s stock surged by 15% after Bloomberg reported that FTX was looking to acquire the popular trading app

The fintech giant first enabled crypto buying and selling in late 2020, but users couldn’t transfer their assets to third-party wallets

Following on the heels of its crypto wallet, Robinhood said it wants to roll out a new Web3 wallet with increased functionality for NFTs

Personal investment in Robinhood comes as his crypto exchange could look to acquire struggling competitors

Even with cryptocurrency transaction-based revenue on a steady decline, Robinhood continues to expand its digital asset services

After five years at Robinhood, Christine Brown said Tuesday she was stepping down from her role as COO to pursue other avenues in crypto

Senior executive at Robinhood dismisses meme stocks as a fad and says offering crypto trading is the ‘easiest way to go global’

The platform also reported a $423 million net loss for Q4 or $0.49 per diluted share, compared with a net income of $13 million from the fourth quarter in 2020

Robinhood said it would finalize the send and receive flows, add QR functionality and add block explorer support in the future

Fintech company was founded to build a modern banking and investment experience focused on consumers

Robinhood will go above and beyond for the user experience, regardless of how regulatory battles play out, an executive said.

As problems mount with the practice popularized by Robinhood, a USC finance professor argues the alternative may be worse.