Options trading brought in $124 million revenue, gaining 10% to previous quarter. Cryptocurrency trading decreased 12% QoQ to $51 million and equities trading increased 7% QoQ to $31 million. Vlad Tenev, CEO and Co-Founder of Robinhood Markets, said: In the third quarter we achieved our goal of reaching adjusted EBITDA profitability, a quarter earlier than…
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The American broker offering commission-free services noted that all eligible customers will now have access to options trading once reviewed. The company said: Options trading entails significant risk and is not appropriate for all customers, which is why all interested customers must apply for options access and have their account reviewed to determine if they…
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Bankman-Fried recently bought a 7.6% stake in Robinhood through his company Emergent Fidelity Technologies. Robinhood Markets is controlled by its co-founders, Chief Executive Officer Vlad Tenev and Chief Creative Officer Baiju Bhatt, who hold more than 50% of the voting power. Robinhood Markets’s commission-free model disrupted the retail stock trading industry. The brokerage gained a…
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Client numbers were also down Robinhood saw significant drops in client metrics, as well. Monthly active users on the platform decreased 10% to 15.9 million for March 2022, compared with 17.7 million for March the previous year. The numbers were also down 8% form the end of December 2021. The broker attributed the decline to…
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Mark Hipperson, Founder and CEO of Ziglu, commented: Ziglu and Robinhood share a common set of goals, working to reduce the barriers to entry for a new generation of investors, and we’re excited to pursue that mission together. As part of Robinhood, we’ll supercharge Robinhood’s expansion across Europe and bring better access to crypto and…
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With its latest announcement, Robinhood is addressing the demand for broader selection of cryptocurrencies. Steve Quirk, Chief Brokerage Officer at Robinhood, commented: We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto. As a safety-first company, we have a rigorous framework in place…
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Mary Elizabeth Taylor, the Vice President of External Affairs and Community at Robinhood Markets, stated: Our partnership with Amplify Latinx is an extension of our mission to democratize finance for all. Their work to uplift Latinx entrepreneurs, champion leadership opportunities for the Latinx community, and address systemic issues, such as the Latina pay gap, all…
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Vlad Tenev, the CEO and Co-Founder of Robinhood Markets, commented: We had a momentous year, nearly doubling the number of customers on the platform and making critical investments in our team and infrastructure to support growth. This year, we'll expand our ecosystem of products that make Robinhood the best place to start investing and build…
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Steve Quirk said: Robinhood has been a transformative force in the industry in breaking down barriers for millions of retail investors. I’m thrilled to be joining Robinhood’s leadership team and continue building towards their mission to democratize finance for all. Quirk most recently worked TD Ameritrade, where he oversaw the strategy and deployment of initiatives…
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Christine Brown, Chief Operating Officer of Robinhood Crypto, said: Scott, Victor and the Cove Markets team will bolster our crypto trading platform and help us strengthen our leadership in the crypto industry. Their wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits…
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