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“# Stockbroker platform Public.com adds crypto trading feature ” Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers. In a statement issued on Thursday, Public revealed that users will be able to trade and store cryptocurrencies on the same app used for managing their stock…
“# Robinhood launches 24/7 phone support, crypto users included ” Popular trading app Robinhood announced Tuesday that it has launched round-the-clock phone support to better serve its ever-growing userbase, including the millions of users who’ve signed up to access cryptocurrency investments. Users of the app will now be able to speak with a live customer…
“# SEC takes action against two meme stock wash traders ” The U.S. Securities and Exchange Commission has filed a complaint against two Robinhood users over an alleged wash-trading-based arbitrage scheme that utilized meme stocks. According to a Sept. 27 complaint, defendants Suyun Gu and Yong Lee took advantage of differing trading fee schedules offered…
“# Robinhood confirms crypto wallet feature on app starting in October ” Trading app Robinhood has opened up a waitlist to test a crypto wallet for users to hold their tokens. According to a Wednesday blog post, in October Robinhood plans to start testing a digital wallet feature on its app that enables users to…
“# Robinhood users may soon be able to withdraw crypto for the first time ” Retail-trading platform Robinhood is reportedly testing a long-awaited digital wallet feature that enables users to send and receive crypto-assets such as Bitcoin (BTC). Bloomberg reported the rumor on Sept. 21, with the publication claiming to have seen screenshots of a…
“# DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature ” Retail trading platform Robinhood has rolled out a new recurring crypto investment feature for users who want to dollar cost average (DCA) into a coin. Given DOGE accounts for 62% of Robinhood’s crypto services revenue, the move could result in a steady…
“#Gary Gensler’s brewing battle with Robinhood could prove bloody” It’s no secret that Gary Gensler wants to make life miserable for the people at Robinhood, the no-commission brokerage firm that has become a sensation among the growing ranks of amateur day traders. Less known is what I’m hearing from the people at Robinhood: They are…
“# PayPal reportedly looks to take on Robinhood with stock trading ” American payments giant PayPal is reportedly exploring ways to offer stock trading after launching cryptocurrency trading services last year. PayPal is looking to buy or partner with a broker-dealer to introduce its own stock trading service to compete with rivals such as crypto-friendly…
“#Growing political roadblock vs. big spender Joe Biden” As the debacle in Afghanistan consumes the Biden administration, Wall Street is keeping a closer eye on another debacle: that is, the president’s ambitions to turn the US into a European-style progressive paradise. It’s not that Biden and his acolytes in Congress and appointees to various regulatory…
“# Analysts warn of ‘acute’ Q3 slowdown in Robinhood’s DOGE-reliant growth ” Robinhood’s recent disclosure of the major boost that crypto has contributed to its second-quarter financial earnings is worrying some financial analysts, largely due to the “outsized” role that Dogecoin (DOGE) trading has played. In an investor note this week, Wolfe Research’s Steven Cubak…