Topic: Robinhood Crypto Trading (Read 1078 times)
Stock virgin here... how to buy crypto in robinhood doesn’t reflect in crypto? Trying to get on this rocket! 🚀🚀💎🚀🚀
Robinhood acknowledged the leak of users' personal data, the incident occurred on November 3. "A third party has unauthorized access to a limited amount of personal information of some of our customers," according to a statement published on the Robinhood blog.
As a result of the incident, the unauthorized party received a list of email addresses for about five million people and full names for another group of about two million people. We also believe that for a more limited number of people — about 310 in total— additional personal information was disclosed, including name, date of birth and zip code, while a subgroup of about 10 customers disclosed more detailed account details.
https://blog.robinhood.com/news/2021/11/8/data-security-incident
As a result of the incident, the unauthorized party received a list of email addresses for about five million people and full names for another group of about two million people. We also believe that for a more limited number of people — about 310 in total— additional personal information was disclosed, including name, date of birth and zip code, while a subgroup of about 10 customers disclosed more detailed account details.
https://blog.robinhood.com/news/2021/11/8/data-security-incident
Robinhood and Burger King are giving away Dogecoin, Bitcoin and Ethereum Burger King will give away one Dogecoin or one Bitcoin or Ethereum for the lucky few-to those who spend $5 in their stores or in their app before November 21. https://www.bk.com/crypto
This will definately get a lot of peoe in the US interested in crypto. This is good overall but I don't recommend using Robin hood at all for crypto trading. You can only buy and sell through their platfor., ypu can't move the coins ypu buy off site to a local wallet or another exchange, etc. The whole point of crypto is to take control of your own financial situation and not depend on 3rd parties. There are other way better options out there.
Robinhood and Burger King are giving away Doge, BTC and Eth Burger King will give away one Dogecoin or one Bitcoin or Ethereum for the lucky few-to those who spend $5 in their stores or in their app before November 21. https://decrypt.co/84934/burger-king-dogecoin-ethereum-bitcoin-robinhood
Quote from: https://www.bk.com/crypto
Robinhood on Tuesday reported in its Q3 earnings report that its crypto trading revenue fell to $51 million last quarter—78% less than the $233 million it earned in the second quarter, although still significantly higher than the $5 million it earned in Q3 2020.
source: https://decrypt.co/84502/robinhood-dogecoin-revenue
source: https://decrypt.co/84502/robinhood-dogecoin-revenue
Robinhood has launched a round-the-clock phone support service, the company also says that later users will be able to contact support if they are unable to log in to their account. https://blog.robinhood.com/news/2021/10/5/introducing-247-phone-support
Robinhood is testing a cryptocurrency wallet function that allows you to send bitcoin and other digital assets, bloomberg reports on Twitter.
Robinhood has published a financial report for the second quarter. Thus, the revenue from cryptocurrency transfers amounted to $233 million dollars, which is 4500% more than in the second quarter of last year when it was $5 million, 62% of cryptocurrency-related revenues were accounted for transactions with Dogecoin. In the first quarter, the share of this cryptocurrency was 34%. https://www.globenewswire.com/news-release/2021/08/18/2283084/0/en/Robinhood-Reports-Second-Quarter-2021-Results.html
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
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
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
Quote from: https://www.youtube.com/watch?v=FPJS7tHjb9I
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
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
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.
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.
A significant part of the recent growth in our net income received from operations with cryptocurrencies is accounted for by operations with Dogecoin.
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
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
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
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
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/
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.
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