Robinhood debuts new non-custodial crypto wallet with Polygon to 10K beta users

Robinhood is finally rolling out a beta version of its non-custodial crypto wallet to 10,000 customers on its waitlist , its CTO and general manager of crypto, Johann Kerbrat, told TechCrunch. The product is called Robinhood Wallet and will be the company’s first internationally-available app, Kerbrat said. The company revealed new details about the offering … Read more

New York regulators slap Robinhood’s crypto business with $30 million fine

In the latest in what seems to be a string of challenges the company has to grapple with, Robinhood’s crypto division has been by the New York State Department of Financial Services. It’s the first crypto-focused enforcement action by the regulator, which has issued the multimillion dollar penalty against Robinhood for what it says are … Read more

Robinhood lays off almost a quarter of its staff

For the second time this year, Robinhood is cutting its headcount. On Tuesday, the company it would lay off 23 percent of its workforce. According to CEO Vlad Tenev, the cuts will affect every part of Robinhood’s business but will primarily target the company’s “operations, marketing and program management functions.” Tenev blamed a deteriorating macro … Read more

Robinhood isn’t desperate to do a deal with anyone: Analyst

The since its overhyped IPO in 2021 and its founders’ ownership structure suggests a buyout deal with FTX or anyone else may not happen soon. “I don’t think they are actually proactively thinking about doing a deal,” JMP Securities analyst Devin Ryan said of Robinhood founders Vlad Tenev and Baiju Bhatt on (video above). “The … Read more

Robinhood isn’t desperate to do a deal with anyone: Analyst

The since its overhyped IPO in 2021 and its founders’ ownership structure suggests a buyout deal with FTX or anyone else may not happen soon. “I don’t think they are actually proactively thinking about doing a deal,” JMP Securities analyst Devin Ryan said of Robinhood founders Vlad Tenev and Baiju Bhatt on (video above). “The … Read more

Robinhood almost imploded during the Gamestop meme stock chaos

The House Committee on Financial Services late last week offering a harrowing glimpse inside Robinhood during the frenzy around Gamestop stock early last year. The stock trading and investing app was from the first big “meme stock” after Redditors and other retail investors rallied around $GME and sent its price into the stratosphere. For Robinhood, … Read more

FTX says no active talks to buy Robinhood

Crypto exchange FTX is open to partnering with Robinhood Markets, its CEO Sam Bankman-Fried said in a statement shared with TechCrunch. Bloomberg News that people familiar with the matter said FTX was exploring opportunities to acquire Robinhood, but Bankman-Fried denied those claims. “We are excited about Robinhood’s business prospects and potential ways we could partner … Read more

FTX exploring a deal to buy Robinhood: Bloomberg report

The cryptocurrency exchange FTX is reportedly considering a deal to acquire digital trading platform Robinhood (), , citing unnamed people familiar with the deal. Robinhood has not yet received a formal notice from FTX of any such takeover, the report said, while adding that FTX could ultimately choose not to pursue a purchase. The report … Read more