The nascent financial technology industry has seen rapid growth over the last few years. Nearly all the major banks and financial services firms are either actively incubating or facilitating the development of startups and their technology in the FinTech space.
Synthetix contributors have proposed to acquire the decentralized options platform Derive to promote perpetual futures strategies.
Robinhood is set to enter Canada’s crypto market by acquiring WonderFi for $250 million, expanding its global crypto presence.
Vlad Tenev recently noted the potential of crypto tokenization to allow retail investors to access private companies like OpenAI and SpaceX.
With its acquisition, Robinhood is looking to leverage the company’s operational license to enter the Asian market.
Robinhood plans to introduce futures trading for diverse assets including Bitcoin, commodities, and forex, marking a significant expansion of its platform offerings.
Robinhood Markets expands European presence with Spanish trading app launch, offering crypto services and staking rewards while pursuing strategic growth through Bitstamp acquisition.
Robinhood has been tailoring its platform to meet the needs of European users. When the company launched its first crypto staking services in May, it was accompanied by the introduction of localized versions of its app for users in Italy, Poland, and Lithuania.
The dog-themed meme coin WIF has now been listed by top-tier exchanges including Binance and Coinbase, signaling its heightened demand.
Robinhood appears well poised to attract a larger user base and take its place as one of the leading platforms in the crypto industry.
Following announcements by Robinhood and Coinbase to list PEPE, the meme coin’s price skyrocketed by 52%, reaching an all-time high of $0.0000193.
The surge in the company’s crypto business comes at a time when the industry is attracting interest from both retail and institutional investors thanks to the approval of bitcoin spot ETFs in the United States and Hong Kong.
Dan Gallagher, Robinhood’s chief legal officer and a former SEC commissioner, is reportedly the leading candidate to replace SEC Chair Gary Gensler in the incoming Trump administration.
Leading crypto firms including Paxos, Kraken, Galaxy Digital, and Robinhood announced the formation of the Global Dollar Network to enhance stablecoin adoption globally.
Robinhood adds Stellar (XLM) to crypto transfers, enhancing user options and offering a 1% bonus for XLM deposits on the platform.
Robinhood is offering a special promotion to its European users. Customers will get back 1% of the value of the tokens they deposit, returned as cryptocurrency.