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Robinhood has added new crypto tokens to its platform, including XRP and memecoin Pepe. The brokerage is also re-listing Solana and Cardano, which it removed last year amid an SEC crackdown.
As Robinhood’s Quirk pointed out, “Obviously, we’re not adding coins at the speed of some of the crypto-only competitors.” Crypto trading earned Robinhood $48 million in the fourth quarter.
However, the app does give traders access to real-time data on these cryptos and others. Advantage: Coinbase, for its much broader range of available coins. Coinbase vs. Robinhood: Types of ...
The company does not offer trading in mutual funds and bonds. [93] Robinhood has prohibited its users from purchasing some high-risk penny stocks, such as banning purchases of Helios and Matheson Analytics, the owner of MoviePass, in August 2018. [99] The company also has significant restrictions for trading in options on their expiration dates ...
Robinhood has teamed up with Uniswap to try and solve this problem. The Robinhood Connect pr Robinhood Investors Can Now Buy Bonk, Pepe And 100s Of Meme Coins Via The Uniswap App
— Robinhood (@RobinhoodApp) February 17, 2021 Don’t sleep! Much wow! Robinhood Crypto offers seven tradeable coins, so you can buy and sell crypto like DOGE, BTC, ETH and LTC, 24/7/365.
Robinhood scooped up crypto exchange Bitstamp in June and took aim at credit players American Express and Visa in March with the launch of a credit card that offers 3% cash back on purchases.
Since then, Robinhood’s crypto business has fallen under regulatory scrutiny, and its transaction revenues from crypto trading have decreased. In August 2022, New York’s top financial ...
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