Robinhood Crypto Trading

[pacho08]

you can still monitor and track market data for all 16 cryptocurrencies in the Robinhood app. You'll also have access to a new feed, which gives users a way to talk about cryptocurrency, news and market swings in real time with other folks on the system. Robinhood Feed is only available to a limited number of people, however, so you'll need to update the app to see if you're one of them.
 with plans to expand to many more states later.

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[alyssa85]

Looks like Jay Z has put some money into Robinhood (as an investor in the start up, not into crypto):

http://www.craveonline.com/music/1372079-jay-z-invests-stock-crypto-trading-app-robinhood

The reason why Jay Z is still among the richest rappers in the world is that he keeps making smart investments that help his fortune grow. His latest investment into an app called Robinhood seems to be yet another good choice that will no doubt pay off in the future. This announcement came through his start-up company called “Arrive” that Jay Z founded about a year ago.

[mikfresh]

But if you can't move the crypto you've bought it's a useless platform, just like every CFD out there. Did I read it wrong? I hope so, cause that would be a huge missed occasion. And the market needs new users.

[Daltonik]

The Robinhood platform plans to privately file an initial public offering (IPO) in March. Bloomberg reports
Last week the company discussed the possibility of an initial public offering in the coming weeks.  Until the final decision is made, the exact timing of the IPO is unknown.

[oprahwindfury]

For whose cash will the trade exist? Who will pay for the hardware, workers. It additionally requires significant expenses for security and work force. In all probability it's simply a promoting move to draw in new clients. In any case, inevitably an expense will be presented and the trade will transform into the standard one.

[santiPOGI]

The popular US based stock trading app, Robinhood, is planning to launch a fee-free crypto trading platform in February of this year for a select few states in the US and will expand to other states over time. I believe they are only offering BTC and ETH at this time. This could be a real game changer in the crypto world for people in the US once Robinhood gets this going.

Here is a link to get on the waitlist https://crypto.robinhood.com/

Consider signing up through my referral (dm me) or someone else you know so that you can get a free share of a stock worth $5 to $190

If not using a referral link for free stock then the main website homepage is here https://www.robinhood.com/


*Reminder* This is US only. You must be a US citizen to create an account with Robinhood. Also as a side note this is NOT anything like a crypto exchange in the traditional sense many of you are used to. This is a US based stock trading brokerage that is expanding into the crypto world after being established for 5 years as a company in the United States. They are worth 1.3 billion dollars here in the US and have millions of users. If you were to use any type of crypto comparison to them the only ones that even come close are Coinbase and Gemini.

Almost all apps saying that they are safe and secure but in the end or in reality is not. This is most often happened here
in crypto space. Honestly, I would rather to use the platform were it was already proven and tested in the market already.
Unlike Robinhood and Cobinhood. But this is just a thought for me anyway.

[Daltonik]

Robinhood has filed an application for an initial public offering on Form S-1 with the US Securities and Exchange Commission (SEC).  https://blog.robinhood.com/news/2021/3/23/robinhood-markets-inc-confidentially-submits-draft-registration-statement

According to Bloomberg sources, the placement may take place in the second quarter after the completion of the SEC review and if there are favorable market conditions.  https://www.bloomberg.com/news/articles/2021-03-23/robinhood-is-said-to-have-filed-confidentially-for-u-s-ipo?sref=vuYGislZ

"The company said in a statement Tuesday that it had submitted its filing to the U.S. Securities and Exchange Commission, confirming an earlier report by Bloomberg. Robinhood could go public as soon as late in the second quarter but the timing could change, said a person familiar with the matter who asked to not be identified because it wasn’t public"

[Daltonik]

The FTX derivatives exchange has added futures contracts for the future value of Robinhood shares to the listing. The tool under the HOOD ticker allows traders to speculate on the exchange rate of securities before their public offering on the stock exchange (IPO)

[Daltonik]

The number of users of the Robinhood mobile app for cryptocurrency trading in the first three months of this year increased from 1.7 million to 9.5 million, the app launched three years ago supports Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin trading.

[Daltonik]

Yesterday, Robinhood experienced failures in the service, according to the company, this happened due to "unprecedented" trading volumes, the last time this was observed in early March, now it is associated with an unprecedented increase in trading on Doge, at the moment the platform is working normally. https://status.robinhood.com/

[Daltonik]

Robinhood will be able to withdraw cryptocurrencies to third-party wallets. This was stated in an interview with Decrypt by the company's chief operating officer, Kristin Brown.
The top manager declined to give a specific time frame for the implementation of the initiative, but added that the recent collapse in the market will not affect it. Robinhood Crypto plans to add stock trading in the future. https://decrypt.co/71918/robinhood-will-soon-let-you-move-your-dogecoin-says-crypto-coo

[Daltonik]

Robinhood plans to hold an IPO before July 4. The listing previously scheduled for June had to be postponed due to the SEC's study of its business related to cryptocurrencies, so, according to Bloomberg, the platform's entry into the stock market may eventually take place no earlier than autumn. https://www.bloomberg.com/news/articles/2021-06-24/robinhood-ipo-plans-said-to-be-slowed-by-sec-review

[Daltonik]

Robinhood has agreed with the US Financial Industry Regulatory Authority (FINRA) to pay $70 million to settle claims against the company. In a statement, FINRA said about " systematic failures in terms of supervision and control and significant damage suffered by millions of customers." $57 million of this amount is a fine that Robinhood will pay to FINRA, and the service will pay another $12.6 million as compensation to customers. This is a record fine imposed by FINRA. https://www.wsj.com/articles/robinhood-agrees-to-pay-70-million-to-settle-regulatory-investigation-11625063765?mod=mhp

[Daltonik]

Robinhood has revealed its financial performance in the run-up to the IPO, which has implications for both the stock and the crypto market. Robinhood intends to raise up to $ 100 million as part of the IPO process and will place its shares on the Nasdaq stock exchange under the ticker symbol HOOD. Crypto assets held by the company on behalf of clients grew from $480 million to $11.6 billion over the year.  https://decrypt.co/74882/robinhood-ipo-s1




A significant part of the recent growth in our net income received from operations with cryptocurrencies is accounted for by operations with Dogecoin.

[Daltonik]

Robinhood Crypto will pay a fine of $15 million imposed by the state of New York. This applies to the Robinhood division, known as RHC, which focuses primarily on anti-money laundering and cybersecurity issues. Robinhood also notes that the company and the New York regulator recently reached an agreement in principle and that  RHC will pay a monetary fine and attract an observer.

[Zilon]

Limiting just for US-based only would make others outside the US feel left out it should have been opened to all so we all can partake in this amazing offer because many outside the US would have loved to use their trading platform since the offer crypto trading as well even as a pure stock brooker

[Daltonik]

Robinhood reports a decrease in revenue from operations with cryptocurrencies in the submitted S-1 application for the SEC. The reasons for the deterioration are a decrease in the trading activity of clients, including due to the beginning of the holiday season, as well as the lifting of previously imposed restrictions due to the COVID-19 pandemic. https://www.sec.gov/Archives/edgar/data/0001783879/000162828021013318/robinhoods-1.htm

[Daltonik]

Robinhood intends to expand its offer in the field of digital assets, as it considers cryptocurrencies to be the cornerstone of its future development. This was stated by the head of the company Vlad Tenev at a road show in preparation for the IPO, Business Insider reports. https://www.businessinsider.com/robinhood-ceo-says-users-can-expect-crypto-features-at-some-point-2021-7

[Daltonik]

Robinhood is developing tools to protect users from the volatility of the cryptocurrency market. This is reported by Bloomberg with reference to the code found in the test version of the application for iOS devices. The code states that the application will notify the user when this happens, and will not spend more than the specified amount from the balance. https://www.bloomberg.com/news/articles/2021-07-27/robinhood-working-on-feature-to-let-users-invest-spare-change?sref=3REHEaVI

[Daltonik]

Robinhood acquired Say Technologies for $140 million. This was the first major purchase of the company since the public offering of shares held in July. The service helps investors to build communication with companies whose shares they buy. Users of the Say Technologies platform can also vote at shareholders ' meetings with the help of proxies. As part of the deal, the company will provide its platform to Robinhood customers. https://blog.robinhood.com/news/2021/8/10/say-technologies-is-joining-robinhood