The MetaMask-backed card will allow users to spend their digital assets seamlessly anywhere that Mastercard services are accepted.
Robinhood is a stock brokerage that allows customers to buy and sell U.S. listed stocks and ETFs with zero commission.
Robinhood Markets Inc., or simply Robinhood, is a U.S.-based financial services company headquartered in Menlo Park, California. The company offers the Robinhood smartphone mobile app, which allows individuals to invest in publicly tradedcompanies and exchange-traded funds listed on U.S. stock exchanges without paying a commission. The company makes money from interest earned on customers’ cash balances and margin lending, and by selling order flow to high frequency trading firms.
After an April 2017 fundraising, Robinhood had a $1.3 billion valuation. The Wall Street Journal reported in 2018 that the company had closed another round of financing that valued the company at $5.6 billion.
The MetaMask-backed card will allow users to spend their digital assets seamlessly anywhere that Mastercard services are accepted.
In addition to selling Coinbase shares, Ark Invest also divested 686,864 Robinhood shares from its Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds.
After several weeks of beta testing, the Arbitrum swaps are now officially available to the public. Arbitrum has a total of $14 billion locked in its smart contracts.