2023-8-31 00:43 |
Arkham Intelligence has identified Robinhood as the fifth largest holder of Ether, with $2.54 billion
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Robinhood extended its support to big meme coins by listing the popular canine-theme token Dogwifhat.
The latest price moves in bitcoin (BTC) and crypto markets in context for November 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The broker raised its price target on the trading platform's stock to $51 from $30.
Pepe-The-Frog-themed meme coin PEPE surged 23% during Nov. 13’s market cooldown as Coinbase and Robinhood U.S. listed the token amid crypto excitement after Trump's win.
Robinhood, a popular American financial services company, is finally out of the woods. In its third-quarter filing ending September 30th, 2024, the company disclosed its revenues were up by 165%, and its overall year-to-date (YTD) net deposits increased to $34 million.
Robinhood now offers contracts for users to bet on the 2024 US election outcome. Eligible US citizens can buy “Yes” contracts and settle after the January certification. Competitors like Kalshi and Polymarket offer similar high-demand prediction markets.
Robinhood is broadening its offerings to attract more users by introducing investment contracts linked to the outcome of the November US Presidential election, according to an Oct. 28 statement. Event-based derivatives trading allows investors to speculate on specific occurrences, such as election outcomes or economic policy announcements, without purchasing related assets.