Robinhood Cuts Staff Again as Trading Volume and Engagement Dwindle
Crypto and stock trading platform Robinhood is cutting staff as the firm struggles to maintain trading volumes and interest.
Robinhood News and Updates
Recent Robinhood News
Robinhood Delists Solana (SOL), Cardano (ADA), Polygon (MATIC) After SEC’s Claims
Robinhood said that the move comes as part of its regular review of crypto assets.
Robinhood ‘Actively’ Reviews Crypto Offering After SEC Widens Industry Crackdown
SEC's enforcement actions have forced crypto companies to mull over their offerings in the country.
Robinhood Q1 Revenue Up 16%, But Not In Crypto
Robinhood’s interest revenue surged last quarter – but crypto transaction revenue continued to decline.Â
Robinhood Now Lets Users Buy Crypto Directly From Their Personal Wallet (Consensus 2023 LIVE)
Robinhood's Crypto GM suggested the company has partly benefitted from FTX's collapse.
Robinhood to Pay Over $10 Million in Penalties to Numerous US States for Harming Investors
California's DFPI joined other states regulators in the multi-million agreement with Robinhood.
Robinhood Rolls Out Wallet App Worldwide for IOS
Robinhood’s wallet app supports both Ethereum and Polygon, and comes baked in with DeFi and NFT functionality.
SEC Issued Subpoena to Robinhood Over its Crypto Operations
California Attorney General’s office had earlier served a similar subpoena to the trading platform.
Robinhood Crypto Trading Volume Shot Up 95% in January
Robinhood's crypto trading volume surged to $3.7 billion in January 2023, 95% more than in December 2022.
Robinhood Crypto Revenue Drops By 25% Over Last Quarter
Despite a minor overall increase in net revenue and a stellar EBITDA, the trading platform’s crypto revenues have tanked substantially.
