Robinhood

Robinhood Cuts 23% of Staff as Brokerage Sees 34% Drop in Monthly Active Users
Robinhood Cuts 23% of Staff as Brokerage Sees 34% Drop in Monthly Active Users
August 02, 2022  |  financial apps

Robinhood, the popular brokerage app, will lay off about 23% of its staff as customers slow down trading, The Wall Street Journal (WSJ) wrote Tuesday...

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SMB Fundraising FinTech Parafin Raises $60M
SMB Fundraising FinTech Parafin Raises $60M
August 02, 2022  |  Investments

Parafin, a FinTech launched by veterans of Robinhood Markets, has raised $60 million in a new financing round. As Bloomberg News reported Tuesday (Aug. 2),...

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Robinhood Crypto Unit Faces $30M Fine for AML, Cybersecurity Violations
Robinhood Crypto Unit Faces $30M Fine for AML, Cybersecurity Violations
August 02, 2022  |  Regulation

The New York State Department of Financial Services (NYDFS) has fined the cryptocurrency trading unit of online brokerage Robinhood $30 million for alleged violations of...

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Stash App Loses 23 Points in Personal Finance Provider Ranking
Stash App Loses 23 Points in Personal Finance Provider Ranking
July 21, 2022  |  Personal Finance

Sometimes people are thrifty; sometimes they splurge. We can see that when we compare this month’s edition of PYMNTS’ Provider Ranking of Personal Finance apps...

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Plaid Adds Support for Digital Asset Exchanges
Plaid Adds Support for Digital Asset Exchanges
July 14, 2022  |  Digital Banking

Payment processing firm Plaid is now supporting digital asset exchanges and investment platforms to meet the growing number of people using cryptocurrencies. Binance.US, Gemini, Robinhood...

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Robinhood Deal Would Give FTX Key Piece for Trading Superapp
Robinhood Deal Would Give FTX Key Piece for Trading Superapp
June 27, 2022  |  Cryptocurrency

When news broke that cryptocurrency billionaire Sam Bankman-Fried was looking into buying Robinhood, shares of the crypto and stock brokerage did something they haven’t done...

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Robinhood Jumps After News of Possible FTX Purchase
Robinhood Jumps After News of Possible FTX Purchase
June 27, 2022  |  Acquisitions

Shares of trading app Robinhood rose 14% Monday (June 27) following news that it might be purchased by cryptocurrency exchange FTX. Bloomberg News reported that...

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Paya, Digital Banks Help FinTech IPOs Notch Slight Gains
Paya, Digital Banks Help FinTech IPOs Notch Slight Gains
June 23, 2022  |  IPO

A gain. A small one, but a gain nonetheless. The FinTech IPO Tracker got a bit of a breather this week, clawing out a 73-basis-point...

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Cross River Bank Hires Crypto Compliance Chief From Robinhood
Cross River Bank Hires Crypto Compliance Chief From Robinhood
June 17, 2022  |  Personnel

Former Robinhood executive Benjamin Melnicki is joining Cross River Bank, a New Jersey community bank catering to FinTechs, as the chief compliance officer (CCO) for its cryptocurrency team,...

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