Category: Robinhood

SEC chair Gensler calls for Congress to work on investor protections for crypto exchanges

Gary Gensler, the newly-named chairman of the Securities and Exchange Commission, is asking Congress to make some key decisions around crypto regulation.  While testifying during a May 6 hearing of the House Financial Services Committee on market volatility surrounding GameStop and other meme-ified securities, Gensler fielded a question from Ranking Member Patrick McHenry about concrete […]

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Robinhood CEO holds up crypto exchanges as model for faster stock settlement

During a webinar on Tuesday, the CEOs of  Robinhood and Paxos juggled ideas for speeding up stock settlement times. Robinhood’s Vlad Tenev has been in the public spotlight since wild volatility in meme-driven stocks like GameStop and AMC pushed the popular stock trading app into the public eye earlier this year. At the time, he […]

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Robinhood names new COO to oversee its crypto operations

Robinhood has named a new chief operating officer with experience in product management and operations to oversee its crypto platform, the team behind the online brokerage announced Thursday.  Christine Brown has served as the vice president of Robinhood Markets’ Product Operations since 2017. According to the announcement, while at Robinhood, she developed and scaled the […]

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Dogecoin mania leads to Robinhood crypto order failures

A surge in popularity for Dogecoin was behind a temporary shutdown of Robinhood’s crypto trading platform on Thursday night. The cryptocurrency, a fork of Litecoin that was created as a joke and is named after a popular meme featuring a Shiba Inu, has witnessed significant price increases over the last few days. According to a […]

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Robinhood Denies Claims On Restricting Dogecoin Trade, Memecoin Retraces to $0.25

Robinhood, the mobile trading app made headlines again for allegedly restricting Dogecoin trade on its platform amid surging price, but the trading firm has rubbished all such claims. The rumors about the trading app possibly restricting doge trades first gained traction through a Twitter handle Breaking911 tweet, but the official account of Robinhood responded to […]

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Coinbase nabs a top 10 slot in Apple’s US App Store for the first time since January

Coinbase became the ninth most downloaded app on the Apple App Store for the United States as of Thursday. Coinbase’s app broke into the top 10 list one day after the company went public on Nasdaq via a direct listing. The crypto exchange closed Thursday’s trading session at a share price of $322.75 after opening […]

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Robinhood saw more crypto traders than Coinbase in Q1 2021

Online brokerage Robinhood saw more crypto traders on its platform than Coinbase in the first quarter of 2021. Coinbase saw a total of 6.1 million active traders on its platform in the quarter. Meanwhile, Robinhood saw 9.5 million customers trade crypto on its app during Q1. That is a whopping nearly 460% increase than its […]

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Former CFTC chair Heath Tarbert joins Citadel Securities

Former chair of the Commodity Futures Trading Commission Heath Tarbert, who left the CFTC in March, will be joining Citadel Securities as its chief legal officer on April 5. Bloomberg broke the news on April 1.  During his time as chair, Tarbert became a familiar name within the crypto industry. Under his watch, the commission […]

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Report: Robinhood files confidentially for its upcoming public offering

The popular stock and crypto brokerage app Robinhood has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), according to a report from Bloomberg.  Bloomberg reported that people familiar with the matter have confirmed the submission. It’s still unclear if it is following the traditional IPO route or is […]

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