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Robinhood Expands Wealth Management Services With $300M TradePMR Acquisition
- The partnership includes a referral program connecting fiduciary advisors with Robinhood.
- The deal, which involves cash and stock, is expected to close in the first half of 2025.
Tuesday, 19/11/2024 | 13:18 GMT by
Jared Kirui
Robinhood's User Base Soars Past 24M as Deposits Hit $5.2B Mark
- The platform added 90,000 new funded customers and reported strong growth across all major metrics.
- For example, trading volumes rose 48%, and assets under custody reached $159.7 billion.
Tuesday, 12/11/2024 | 07:27 GMT by
Damian Chmiel
Robinhood, Kraken Form Alliance to Challenge USDT and USDC Duopoly in $170 Billion Market
- The retail trading platform joins major crypto firms to launch the Global Dollar Network and USDG token.
- The initiative aims to democratize stablecoin benefits while challenging current market leaders, including Tether.
Tuesday, 05/11/2024 | 11:14 GMT by
Damian Chmiel
Robinhood’s Q3 Crypto Gains Couldn’t Prevent a 12.5% Share Drop: What Happened?
- Crypto trading volume on the platform doubled, while crypto revenue surged by 165 percent.
- However, net revenue was impacted by a $27 million reduction due to matches paid to customers on transfers and deposits.
Thursday, 31/10/2024 | 05:07 GMT by
Arnab Shome
Robinhood Clients in the UK Can Now Borrow Money for Margin Investing
- The fintech giant expands offerings in the UK market, with rates starting at 5.2%.
- Six months ago, a zero-fee trading platform entered the local market, offering no foreign exchange commissions.
Monday, 21/10/2024 | 07:38 GMT by
Damian Chmiel
Robinhood Expands Offerings, Challenging Traditional Brokers
- The company announced the addition of index options and futures trading to its platform in partnership with Cboe.
- What is more, it presented a new desktop trading interface called Robinhood Legend.
Thursday, 17/10/2024 | 06:37 GMT by
Damian Chmiel
Robinhood Introduces Crypto Transfers for EU Customers, Eyes Market Share
- The new feature allows users to deposit and withdraw over 20 cryptocurrencies.
- "Support for deposits and withdrawals gives customers more control over their crypto," Robinhood commented.
Tuesday, 01/10/2024 | 07:25 GMT by
Damian Chmiel
Robinhood Plans to Enter the Stablecoin Market: Can It Challenge Tether?
- A Robinhood spokesperson said that the company has “no imminent plans to launch this offering.”
- Tether, with a market cap of about $120 billion, dominates the $170 billion stablecoin market.
Friday, 27/09/2024 | 05:22 GMT by
Arnab Shome
Robinhood to Adorn The Miami Heat Jerseys in Latest NBA Sponsorship Deal
- The partnership will begin with the 2024–25 NBA season, featuring Robinhood's logo on all The Miami Heat jerseys.
- The Heat's merchandise featuring Robinhood's logo will be available exclusively at team stores and online.
Tuesday, 24/09/2024 | 16:15 GMT by
Jared Kirui
Robinhood Nets Jersey Sponsorship Deal with NBA Memphis Grizzlies
- The fintech giant will feature its brands across the Memphis Grizzlies' ecosystem, such as baseline court ads, social media, and broadcasts.
- Both organizations are collaborating on community initiatives for the Memphis community.
Thursday, 19/09/2024 | 19:27 GMT by
Jared Kirui
Robinhood Hits 24 Million Funded Customers as Trading Volumes and Assets Surge over 50%
- Assets under custody reached $144.5 billion, rising 53% compared to July 2023.
- The fintech company also strenghtened its leadership team with new CTO and CISO appointments.
Thursday, 15/08/2024 | 08:54 GMT by
Damian Chmiel
Robinhood Enlists Ex-Cruise and Lyft Exec Jeff Pinner as Chief Technology Officer
- Pinner’s previous experience includes roles in advancing autonomous vehicle technologies and scaling engineering infrastructure.
- His new position encompasses product development, optimizing infrastructure, and enhancing customer experiences.
Monday, 12/08/2024 | 14:58 GMT by
Jared Kirui
Robinhood Expands Features with Joint Investing Accounts
- These accounts aim to merge individual accounts, allowing both users to share access, manage investments, and transfer funds.
- Robinhood highlighted some of the benefits, including a 1% deposit boost and a 5% APY on uninvested cash.
Thursday, 25/07/2024 | 16:20 GMT by
Jared Kirui
Robinhood Buys Pluto Capital to Boost AI Capabilities in Investing
- This acquisition aims to provide data-driven investing, focusing on personalized investment strategies and real-time insights.
- Pluto's AI models can process market data, identify trends, and generate insights to give users a competitive edge.
Monday, 01/07/2024 | 14:23 GMT by
Jared Kirui
Robinhood Unveils Crypto Trading API to Enhance Market Accessibility
- The new offering aims to streamline trading processes and enable users to diversify their strategies.
- Users can create credentials and obtain API keys through the Robinhood API Credentials portal.
Thursday, 30/05/2024 | 15:55 GMT by
Jared Kirui
Robinhood Emerges as Meme Stock King: Daily Trading Volume Hits $5B
- Interactive Brokers, Public, and Moomoo also confirmed the sudden rise in meme stock demand.
- GameStop stock pulled back about 30 percent after jumping 74 percent and 60 percent in two trading sessions.
Thursday, 16/05/2024 | 07:08 GMT by
Arnab Shome
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