Robinhood
Robinhood’s May Crypto Trading Volume Sinks 68% to $2.1B
Popular trading platform Robinhood (HOOD) reported Monday that trading volume for cryptocurrencies dropped to $2.1 billion in May, down 43% from the prior month. On a yearly basis, crypto trading volume slowed by 68%, it said. "The Hash" panel discusses the outlook for Robinhood and the state of crypto at large.
Robinhood’s May Crypto Trading Volume Falls 68% to $2.1B
The trading platform recently delisted three tokens that were classified as securities in the SEC's lawsuit against Coinbase and Binance.
Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities
Robinhood (HOOD), the popular trading platform, will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL), tokens that were named as securities in recent SEC lawsuits against Binance and Coinbase. Separately, Binance.US says it's transitioning to an all-crypto exchange as of June 13, citing pressures from the SEC. The Hash" panel discusses how the crypto industry is impacted by the regulator's recent actions.
Robinhood Ends Support for All Tokens Named in SEC Lawsuit as Securities
The trading platform will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) on June 27th.
Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted
The companies’ top lawyers testified in a House crypto hearing that they spent months trying to get the SEC to help them comply before being rebuffed.
Robinhood's Crypto Revenue Down 30% Year-Over-Year in Q1
The trading platform also reported holding around $11.5 billion worth of crypto in assets under custody, an increase of 36% versus the fourth quarter.
Robinhood Markets GM Discusses the Platform's New Feature to Fund Web3 Wallets
Robinhood Markets General Manager Johann Kerbrat, at Consensus 2023, breaks down "Robinhood Connect," a new feature allowing users to fund their Web3 wallets without needing to leave a decentralized app (dapp) or be in their crypto accounts.
Robinhood Gives Users a New Way to Fund Their Web3 Wallets
The feature, Robinhood Connect, is already available on several decentralized apps, with more to onboard in the coming months.
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.
Crypto Exchange Ziglu Courting Buyers After Robinhood Deal Collapses: Report
Ziglu is also looking to raise $2.5 million to enable it to continue operating until it finds a buyer.
