Robinhood

Online trading brokerage Robinhood (HOOD) is cutting headcount by 780 workers, or about 23% its employees, in order to further streamline costs amid a continuing decline in monthly active users on the platform. In a press release, Robinhood CEO Vlad Tenev said it was due to “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash." "The Hash" team discusses the fate of Robinhood and where it could be headed next.

Aug 3, 2022

The New York State Department of Financial Services fined Robinhood’s cryptocurrency trading unit $30 million for alleged violations of anti-money-laundering and cybersecurity regulations. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the penalty. Plus, insights into SEC's fraud charge on Ponzi scheme Forsage and latest on Bitfinext hack laundering suspects "Razzlekhan" and "Dutch."

Aug 2, 2022

By Tyrone RossMay 24, 2022

Robinhood plans to roll out a new standalone, self-custodial crypto wallet focused on DeFi by the end of 2022. The "Web 3 crypto wallet" will cater to more "advanced" crypto users, living separately from the trading firm's existing wallet. "The Hash" squad discusses the industry implications for Robinhood's latest move in the midst of market downturn.

May 18, 2022

By William Foxley, Zack Seward, Jennifer Sanasie, David Z. MorrisMay 14, 2022

According to an SEC filing, FTX CEO Sam Bankman-Fried bought 56 million Robinhood (HOOD) shares on May 2, representing a 7.6% stake in the popular trading app. HOOD rose more than 20% upon the news. "The Hash" hosts react, discussing what could be next. Is a Robinhood-FTX.US merger on the horizon?

May 13, 2022

Online brokerage platform Robinhood has agreed to acquire London-based crypto platform Ziglu, which is one of few firms to have a crucial U.K. Financial Conduct Authority (FCA) registration. “The Hash” group discusses Robinhood’s increasing presence as a crypto player and its ambitions to ease onboarding into the Web 3 economy.

Apr 19, 2022

Coinbase has announced an extensive list of ERC-20 tokens that will be added to the crypto exchange’s offerings, and Robinhood will now include shiba inu, Solana, MATIC, and Compound tokens.

Apr 12, 2022

Robinhood Crypto Chief Operating Officer Christine Brown announces the trading platform’s new “crypto gifting” feature that will allow people to gift their friends and family digital assets just in time for this holiday season.

Dec 22, 2021

Popular zero-commission trading app Robinhood is adding a feature so users can gift crypto to friends and family. Customers can send as little as $1 of one of seven cryptocurrencies. "The Hash" group discusses the latest move from Robinhood, helping people take their first step in crypto.

Dec 17, 2021