With the company’s crypto business expanding significantly, Robinhood has appointed a chief operating officer to lead its cryptocurrency operations.
There’s been a lot of talk about democratizing trading in recent years. But does the recent GameStop saga indicate that more needs to be done?
Does that mean trading is more popular than social media now?
State regulators claim that Robinhood has targeted inexperienced investors.
Reddit group r/wallstreetbets will allow a limited amount of crypto discussion, as it seeks to accommodate members in the community without detracting from its stock market focus.
Robinhood announced major growth in the number of customers making cryptocurrency trades — up to 9.5 million in the first quarter of 2021.
The popular trading app offers commission-free trading for Bitcoin, Ethereum and other cryptocurrencies.
After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160.
The popular trading app has submitted a draft registration statement on Form S-1 with the SEC.
The retail trading platform plans to increase its workforce while adding more cryptocurrency pairs.