Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related to its cryptocurrency business. Vlad Tenev, CEO of Robinhood, told Bloomberg Television about this move in a Thursday (Aug. 8) interview, while adding that he had
By Manya Saini (Reuters) -Robinhood sailed past Wall Street expectations for second-quarter revenue and profit on Wednesday as more retail investors were drawn to meme stocks and cryptocurrencies. The app, typically associated with mom-and-pop investors, saw a surge in trading volumes as meme-stock influencer Keith Gill returned to social media and reignited interest in the
As investment brokerage Robinhood finds its footing as a publicly traded company, its CEO is still trying to figure out how to balance the platform’s roots in day trading with his desire to build a sustainable business. Speaking at Fortune‘s Brainstorm Tech conference on Monday, Vladimir Tenev reflected on his rocky tenure leading the 10-year-old
Topline The Treasury Department will require most crypto brokers to disclose the proceeds of users’ transactions to the Internal Revenue Service starting in two years, the agency said Friday, a reporting requirement introduced to curb tax evasion through the cryptocurrency market. PARIS, FRANCE – APRIL 13: The requirement will begin in 2026. (Photo illustration by
Robinhood plans to buy crypto exchange BitStamp to expand its crypto business internationally even as it faces increased scrutiny by regulators at home. The financial services company said Thursday it would buy BitStamp for $200 million in cash to help it expand its crypto business worldwide. Founded in Slovenia in 2011, BitStamp has a major
I didn’t see that coming. On Thursday, Robinhood announced it is buying long-running crypto exchange Bitstamp for $200 million, a move that has big implications for both the company and the broader crypto industry. The deal will add four million to five million new crypto customers for Robinhood but, more significantly, it will also let
Robinhood announced on Thursday that it has acquired Bitstamp, one of the world’s oldest cryptocurrency exchanges, in an all-cash deal expected to be worth around $200 million. The acquisition, which is expected to close in the first half of 2025, will advance one of Robinhood’s strategic goals by expanding the company’s presence in overseas markets.
By Manya Saini (Reuters) – Trading platform Robinhood Markets said on Thursday it has agreed to buy cryptocurrency exchange Bitstamp for around $200 million in cash, speeding up a broader push into digital assets with its biggest ever deal. The 11-year old trading app, popular among retail traders, has been looking to expand its product
There might be as many opinions about crypto as there are cryptocurrency tokens. And with tens of thousands of digital assets populating the crypto market, that’s certainly a lot of opinions. That sheer scale of noise is in part why it can be so challenging to get a clear view of the Web3 landscape —
Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange FTX’s customers, who, having once feared they’d lost their collective billions, can now take solace from the news Tuesday (May 7) that FTX’s bankruptcy team is ready to repay them