Robinhood

Robinhood

Markets

Robinhood Q2 Earnings Beat Expectations as Crypto Volumes Climb and Bitstamp Deal Pays Off

Robinhood posted $160 million in revenue from crypto-related trading and $989 million in overall revenue, outpacing expectations as acquisitions are reshaping the firm.

Robinhood website (PiggyBank/ Unsplash/ Modified by CoinDesk)

Markets

Robinhood Price Target Doubled by JPMorgan on Crypto and Tokenization Bets

Robinhood’s crypto expansion and introduction of EU tokenized equities spur a long-term valuation boost, analysts said.

Robinhood logo on a mobile phone. (appshunter.io/Unsplash)

Finance

Ark Invest Dumps $12M Coinbase Shares After Loading Up on Ether Treasury Firm Bitmine

It also sold 11,262 shares of Robinhood (HOOD), worth around $1.1 million based on Robinhood's last close.

Cathie Wood, CEO of ARK Invest, at Consensus 2024. (Suzanne Cordiero)

Tech

Institutions Are Driving Ethereum's 'Comeback'

ETH's price has more than doubled in value since April aided by institutions betting on stablecoins and tokenization, corporate treasuries and L2s.

Screenshot of Tom Lee on CoinDesk TV (CoinDesk)

Markets

Coinbase, Robinhood Hit Record Highs as U.S. House Passes Landmark Crypto Legislation

Crypto-linked stocks climbed higher on Thursday bolstered by investor optimism on stablecoin and crypto market structure bills advancing.

Coinbase (appshunter.io/Unsplash)

Policy

Robinhood’s OpenAI Tokens Walk a Legal Tightrope, Says Crypto Lawyer

Efforts to tokenize pre-IPO stocks, like what Robinhood is doing with OpenAI, may help unlock liquidity in private markets, but the structure likely qualifies as a security, carries bankruptcy risk and could spark lawsuits over shareholder agreement breaches.

OpenAI logo on a mobile phone.

Markets

Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle

Vlad Tenev told CNBC that these tokens are technically not equity, but provide similar exposure.

Robinhood app on a smartphone (Shutterstock)

Markets

OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized

"Any transfer of OpenAI equity requires our approval — we did not approve any transfer,” the company said in a statement.

OpenAI's Sam Altman, who has proposed Universal Basic Compute as a fix for automation-driven global equality. (Village Global/Flickr)

Markets

Spot Ethereum ETFs Could See Explosive Growth in H2 2025, Says Bitwise CIO

Ether climbs to $2,601 as institutional narratives strengthen following bullish ETF commentary and Robinhood’s L2 blockchain development on Arbitrum.

Ether price chart shows 8% rise to $2,601

Finance

Robinhood Pushes Deeper Into Crypto With Own Blockchain, Tokenized Stock Launch

The tokenized versions of U.S.-listed stocks and ETFs will first be available to EU users and issued on Arbitrum, with future plans to deploy them on on Robinhood's own blockchain.

Robinhood app on a smartphone (Shutterstock)