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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.
Robinhood users can now use their Robinhood balance and debit card to stay up-to-date with the latest trends in crypto. In 2024, meme coins have been a huge craze.
Robinhood — which has won this year's Yahoo Finance Comeback of the Year award due to its big turn to profitability, innovative product releases, and a 180% stock price jump — has undergone a ...
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 ...
Robinhood’s app is a leading investing platform among younger traders and offers alternative investments like crypto. The firm, which once stood at the center of the meme stock craze, has ...
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.
Although trading may look free, Robinhood charges a spread markup rather than a direct commission, meaning that the costs are built into a coin’s buy or sell price.
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