Cryptocurrency Q&A
Who is Robinhood in Crypto?
Who is Robinhood in Crypto?
BusanBeautyBloomingStarShine
Sun Dec 15 2024
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6 answers
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Robinhood, a fintech company known for its commission-free stock trading, has made significant strides in the crypto industry. With over 22 million active users and a strong first-quarter revenue of $450 million in 2024, Robinhood's crypto trading business has become a key growth driver. The company's acquisition of Bitstamp, a globally recognized crypto exchange, for $200 million, is a strategic move to expand its international presence and compete directly with industry giants like Binance and Coinbase.
6 answers
Elena
Tue Dec 17 2024
This license authorizes Robinhood Crypto to engage in virtual currency business activities.
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Valentina
Tue Dec 17 2024
Robinhood Crypto is a part of Robinhood Markets, Inc., a larger financial services company.
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BlockchainBaron
Tue Dec 17 2024
Robinhood Markets, Inc., commonly known as Robinhood, is the parent company of Robinhood Crypto.
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henry_grayson_lawyer
Tue Dec 17 2024
Robinhood Crypto offers its services within the regulatory framework provided by the New York State Department of Financial Services.
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mia_anderson_painter
Tue Dec 17 2024
Robinhood Crypto operates with a license granted by the New York State Department of Financial Services.
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