Robinhood Markets is set to acquire cryptocurrency exchange Bitstamp for $200 million. “Acquiring a global exchange will significantly accelerate Robinhood Crypto’s expansion worldwide,” the company said in a news release Thursday (June 6). “Bitstamp holds over 50 active licenses and registrations globally and will bring in customers across the EU,...
The FinTech IPO Index lost 2.6% as earnings trickled in. The buy now pay later (BNPL) space, arguably, held sway — dominating headlines as the Consumer Financial Protection Bureau (CFPB) weighed in with new oversight over providers. The CFPB Weighs In As PYMNTS reported Wednesday (May 22),...
Robinhood has introduced new, lower margin rates that it said are the lowest among leading brokerages. The rates vary based on the customer’s total margin balance and range from 5.7% to 6.75%, the online brokerage said in a Tuesday (May 21) press release. Six rates are offered...
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings...
June 14, 2024
Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%. Affirm Gets a Bump from Apple Apple said that Apple Pay users in the United States will be able to apply for buy now, pay later (BNPL) loans through Affirm […]
May 24, 2024
The FinTech IPO Index lost 2.6% as earnings trickled in. The buy now pay later (BNPL) space, arguably, held sway — dominating headlines as the Consumer Financial Protection Bureau (CFPB)...
May 17, 2024
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants...
April 12, 2024
On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied...
June 06, 2024
Robinhood Markets is set to acquire cryptocurrency exchange Bitstamp for $200 million. “Acquiring a global exchange will significantly accelerate Robinhood Crypto’s expansion worldwide,” the company said in a news release Thursday (June 6). “Bitstamp holds over 50 active licenses and registrations globally and will bring in customers across the EU, UK, US and Asia to Robinhood.” According to the release, […]
May 21, 2024
Robinhood has introduced new, lower margin rates that it said are the lowest among leading brokerages. The rates vary based on the customer’s total margin balance and range from 5.7% to...
May 08, 2024
Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue. Robinhood’s profit for the first quarter stood at $157 million or 18...
May 06, 2024
Robinhood’s cryptocurrency business could become the target of regulatory action. The trading platform said Monday (May 6) that it received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) staff indicating they will...
