Coinbase launching tokenized US stocks, backed 1:1, with holders able to receive dividends
Both rivals like Robinhood and Kraken and traditional financial institutions have shown an interest in offering tokenized shares.
Robinhood Trims Headcount by 10% Amid Crypto Revenue Crunch
Robinhood is letting go of 10% of its employees, attempting to streamline operations amid a downturn in crypto-related revenue.
SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks
The SEC just removed the single biggest legal obstacle standing between Crypto DeFi and US equity markets. On June 11, the agency formally proposed to rescind Rule 611 of Regulation NMS, the trade-through prohibition that has governed stock order routing…
Robinhood says AI-powered crypto trading coming after launching agent stock trading beta
The popular retail-focused trading platform is kicking off its agentic trading initiative with a beta launch limited to equities.
Robinhood Halts 24-Hour Trading Amid Market Volatility
In a surprising turn of events, Robinhood has announced the suspension of its 24-hour trading service due to significant market volatility. This decision comes as the brokerage firm grapples with the challenges posed by the current financial climate. The…
Robinhood Acquires Bitstamp in a Strategic $200 Million Move to Expand Crypto Operations
Robinhood Markets Inc. has announced the acquisition of the esteemed cryptocurrency exchange Bitstamp for an impressive sum of $200 million. This acquisition marks a significant milestone for Robinhood as it seeks to accelerate its global expansion and…
SEC Warns Robinhood That Its Crypto Business Faces Lawsuit
Robinhood Markets Inc., the popular stock trading app, has recently received a Wells notice from the US Securities and Exchange Commission (SEC). The notice indicates that the SEC is preparing for a potential enforcement action against Robinhood’s crypto…