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In contrast, Robinhood is a trading app that allows users to buy and sell stocks, ETFs, options and some types of crypto for no out-of-pocket cost. Both companies have faced scrutiny from ...
Robinhood is rolling out its newest wallet to 10,000 customers. The "beta program" gives select users a first crack at trying the not yet released “self-custody” crypto app.
Fees from trading the memecoin accounted for 32% of the company’s net revenue in the second quarter of 2021, unprecedented demand that briefly crippled Robinhood’s crypto trading software.
In December 2021, Robinhood acquired Cove Markets, a developer of cryptocurrency trading platforms. [ 15 ] In June 2023, Robinhood acquired X1, a credit card issuance startup that offers a no-fee, income-based credit card with rewards, for $95 million, which was rebranded as Robinhood Card. [ 16 ] [ 17 ]
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Additionally, as an incentive to begin using the platform, Robinhood has offered $10 in USD Coin (USDC) to anyone who purchases at least $10 of crypto on the Uniswap app using Robinhood Connect.
In a pair of announcements from the Bitcoin 2022 conference in Miami, the trading app flexed its crypto chops. But check the fine print. Robinhood Releases Crypto Wallet to 2M Users, Plans ...
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