Trading platform Robinhood’s crypto revenue increased 98% year-on-year to $160 million in the second quarter as CEO Vlad Tenev doubled down on plans to lead the real-world asset tokenization market in the US and abroad. Total net revenue climbed 45% year-on-year to $989 million, while net income increased by 105% to $386 million, Robinhood said…
Robinhood’s strategic embrace of blockchain technology and tokenization has fueled a nearly 30% rally in its stock over the past month, highlighting the brokerage’s new growth drivers despite regulatory scrutiny of some of its products. Robinhood stock, trading under the ticker HOOD, surged on Wednesday to $94.65 in New York trading, putting it within 4%…
Robinhood is getting closer to becoming a full-fledged financial service. On Wednesday, the company announced a wholly online banking platform that will offer checking and savings accounts to Robinhood Gold subscribers when it launches this fall. The platform, called Robinhood Banking, will let users access their accounts, as well as send and receive money through…