Robinhood sets Revenue and Profit records in Q2 2024 driven by Interest, Crypto Trading
The largest individual Revenue item for Robinhood is now actually Interest income, up 22% year-over-year to $285 million.
Robinhood News
Robinhood cancels 24 hour trading Monday-Tuesday
Robinhood 24 Hour Market’s execution venue, Blue Ocean ATS (BOATs), has suspended overnight trading.
Robinhood launches joint accounts
Joint accounts make investing more collaborative for families and loved ones, providing shared access for account holders.
Court closes Robinhood spam messages lawsuit
The Washington Western District Court has closed a lawsuit brought against Robinhood over spam marketing messages.
Robinhood announces acquisition of AI-powered investment research platform Pluto
Robinhood Markets, Inc. today announced the acquisition of Pluto Capital Inc., an AI-powered investment research platform.
Robinhood, traders reach settlement in short squeeze lawsuit
A group of traders and Robinhood have reached a settlement regarding the Federal Securities Tranche of the January 2021 short squeeze lawsuit.
Robinhood launches $1 billion stock buyback
Robinhood management currently expects to execute this buyback program over a two to three year period starting in Q3 2024.
Robinhood Crypto launches Staking in Europe
Robinhood will begin launching local language versions of the Robinhood Crypto app, starting with users in Italy, Poland and Lithuania.
Robinhood reports record Revenues of $618M in Q1-2024 led by 232% leap in Crypto activity
Robinhood transaction-based revenues increased 59% YoY to $329 million, driven by cryptocurrencies revenue of $126 million, up 232%.
Robinhood gets Wells Notice for its crypto business, expecting enforcement action
The potential action may involve a civil injunctive action, public administrative proceeding, and/or a cease-and-desist proceeding.
