Robinhood Crypto has announced the re-listing of three major altcoins—Solana (SOL), Cardano (ADA), and Ripple (XRP)—on its U.S. trading platform, as detailed in a press release on Wednesday. The platform has also introduced support for the meme token Pepe (PEPE), bringing its total number of available digital assets to 19.

Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, explained that strong customer demand led to this expansion. “We’ve consistently heard from our customers that they want access to more digital assets,” said Kerbrat.
He further pointed out that Robinhood wants to share more and create new investment opportunities with existing and new clients through its innovations.
This post first appeared on 36crypto.com News.
#USInflationAboveTarget #Xrp🔥🔥 #Robinhood: #MemecoinWars

A whopping 119 million Dogecoin ($DOGE) transferred to Robinhood

- Estimated value: $11.7 million
- Transfer sparks negative sentiment in Dogecoin community
- Potential sell-off expected

Robinhood's Influence on Crypto Market

- 224% surge in Q1 notional crypto trading volume
- $36 billion in trading volume, exceeding previous year's levels
- 40% year-over-year revenue increase to $618 million

DOGE Price Struggles

- 2.87% decrease in 24 hours
- 10.05% decrease in last month
- Bearish outlook for meme coin

Crypto Market Takes a Hit

- Total market cap falls to $1.99 trillion
- 3.6% decrease in 24 hours
- Failure to hold above $2 trillion mark

Expert Insights:

- Large transfers often impact market movements
- Robinhood's influence on crypto market cannot be overstated
- Bearish sentiment expected to continue

Stay updated on the latest crypto developments!

#DogecoinCommunity #Robinhood: #BNBChainMemecoins #dappOSTheFutureofIntents #DOGSONBINANCE

The community discovered an unknown wallet that accumulated $3 billion in Bitcoin over the past three months, leading to widespread speculation about who the owner might be.

A Bitcoin wallet, which swiftly became the world's third-largest holder in just over three months, has been identified. BitInfoCharts data reveals that the wallet first received #Bitcoin on March 8. Within roughly three months, it amassed an impressive 118,000 BTC, valued at $3.08 billion at today's rates.

The swift and substantial gathering of Bitcoin in one wallet prompted much speculation. Some believed it was probably a cryptocurrency exchange shifting assets. Meanwhile, a few on Crypto Twitter floated a bolder idea, pointing at BlackRock as the potential owner.

Mystery solved

As the blockchain analysis firm Arkham Intelligence has identified the wallet to be associated with #Robinhood: Jump Trading Custody.

Screenshot of Bitcoin wallet starting bc1q1. Source: Arkham Intelligence

According to BitInfoCharts, the leading Bitcoin wallets globally are held by Binance and Bitfinex, known as their cold wallets. Robinhood's wallet ranks third, with another Binance cold wallet trailing right behind in the fourth position.

What does this mean for markets?

Should Robinhood be verified as the holder of the 118,000 BTC, it would have a ripple effect in the crypto world. While traditionally, most large Bitcoin addresses have been tied to crypto-centric exchanges, Robinhood, with its focus on equities and options, would be setting a new trend.

Reviewing Robinhood's recent 10-Q filing, they reported holding $4.24 billion in Bitcoin. With Bitcoin's price close to $30,500 as of June 30, this translates to roughly 139,016 BTC – corroborating claims about Robinhood's significant crypto possession.

If Robinhood does own this notable Bitcoin address, it underscores a pivotal insight: Bitcoin's success isn't solely contingent on major institutional players. Despite earlier assertions that Bitcoin's trajectory depended on big-name investors or firms like Tesla and Block Inc., recent disclosures indicate that giants like Apple and Alphabet have yet to invest in Bitcoin.

By June 2023, Robinhood reportedly boasted 23.2 million active users. If merely a tenth of them held Bitcoin, an average investment of around $1,828 per user would account for the declared $4.24 billion in Bitcoin assets. This suggests that everyday individuals, like those on Robinhood, are crucial players in the evolving cryptocurrency narrative.

#Robinhood users are famously engaged in speculative trading, with significant investments in meme stocks such as AMC, GameStop, and Bed Bath & Beyond. They also have a substantial stake in #Dogecoin , valued at a whopping $2.63 billion.

This speculative nature of trading raises concerns about their approach to Bitcoin. If these users bought Bitcoin expecting the approval of a U.S. spot-based ETF, a delay in this approval or a drop in Bitcoin's price might lead to widespread selling.

Furthermore, while it's remote, there's a risk of U.S. government intervention. Drawing a parallel, the 1933 Executive Order 6102 required private gold owners to exchange their holdings for paper currency. While it's unlikely for a similar directive to target Bitcoin, any action from the U.S. authorities could jeopardize these Bitcoin holdings.

Moreover, if U.S. legal bodies or the IRS were to freeze these assets for investigations related to tax or other concerns, the vast amount of Bitcoin on Robinhood intensifies the potential repercussions. The sheer size of Robinhood's holdings means that any such actions could significantly impact the broader market.

#SpaceCatch

Breaking News: Stellar ($XLM) and Ripple ($XRP) Now Listed on Robinhood!
Attention, crypto enthusiasts! Major developments are unfolding in the cryptocurrency market, as Stellar (XLM) and Ripple (XRP) have officially been listed on Robinhood. Here’s an overview of the impact:
---
🚀 What This Means
- Increased Accessibility: With the addition of XLM and XRP to Robinhood, millions of users now have easier access to trade these popular cryptocurrencies. This increased accessibility is expected to boost their adoption and trading volumes significantly.

- Market Impact: Historically, major exchange listings have had a positive impact on token prices. Traders are optimistic about potential price surges as more investors gain exposure to these assets.

- Boost for Stellar and Ripple: Both XLM and XRP have consistently received strong community support and ongoing development. Their listing on Robinhood underscores their influence within the crypto ecosystem.
---
📊 Market Reaction
- XLM Price Movement: Following the announcement, XLM has demonstrated upward momentum, as traders respond to the increased availability and volume on Robinhood.

- XRP Response: XRP has also benefited from a rise in market sentiment, which aligns with positive developments in Ripple’s legal battles. The combination of Robinhood’s user base and recent news around Ripple could spark further interest.
📅 What’s Next
- Market Developments: Stay updated on market reactions over the coming days. Analysts are monitoring price targets, and there may be more shifts in response to trading activity and news.
- Community Engagement: Both the XLM and XRP communities are likely to grow and engage in more discussions around these tokens’ future. Expect increased activity across social media platforms and forums.
---
Conclusion
The listing of XLM and XRP on Robinhood is a significant milestone for both tokens. As new investors gain access and community engagement intensifies, both assets are positioned for potential growth. Remember to do thorough research and trade responsibly.
---
#XLM #XRP_ETF #Robinhood: #CryptoNews🚀🔥V #CryptocurrencyCulture
---

Robinhood Markets Inc. and Revolut Ltd., two leading fintech companies, are exploring the option of entering the stablecoin market alongside Ripple. Currently, this sector is largely controlled by Tether’s USDT. However, both companies are contemplating the launch of their own stablecoins, as per sources familiar with the talks.
Will Robinhood and Revolut Team Up with Ripple in the Stablecoin Arena?
That said, no definitive choices have been made yet, and the firms might still decide against it, according to these insiders. Tether maintains a significant hold on the stablecoin market, boasting a circulation of nearly $120 billion, which accounts for over two-thirds of the $170 billion global stablecoin market.
While other players like Circle’s USD Coin (USDC) have gained some traction, its supply stands at $36 billion—much less than USDT’s share. Efforts by other companies to challenge Tether have mostly fallen short. Meanwhile, Ripple is fully committed to its RLUSD stablecoin, set to launch later this year.
However, upcoming regulatory changes, especially in the European Union, could create opportunities for new entrants in the stablecoin market. The EU plans to implement new comprehensive regulations under the Markets in Crypto-Assets (MiCA) framework by year-end. These regulations might pose challenges for Tether, as crypto exchanges in the EU may need to remove stablecoins from issuers that do not possess the necessary licenses.
#Robinhood: #Revolut #stablecoin
Cover Image: cointelegraph.com

Breaking News! Robinhood Introduces a Unique Way to Engage with the 2024 Presidential Election! 🗳️🇺🇸
Robinhood has just rolled out an innovative and interactive platform for users to take part in the 2024 U.S. Presidential Election, marking a significant shift in how retail investors can engage with current events! This new feature is designed to empower users by providing a unique, hands-on experience within the app that lets them express their views, learn about candidates, and understand key policies.
So, what’s exciting about this? Robinhood isn’t just offering market data and trading tools anymore. They’re venturing into the world of civic engagement by allowing users to make "predictions" on various outcomes related to the election. This feature is interactive, giving users a chance to "vote" on which candidate they think has the best odds of winning, while also providing them with live news updates, educational materials, and even potential investment insights related to election outcomes.
By integrating these political insights into the platform, Robinhood empowers users to stay informed about policies that may impact market trends, such as crypto regulation, tech policy, and environmental laws. Imagine knowing which policies could affect stocks or cryptocurrencies and making real-time adjustments! This approach not only enhances engagement but bridges the gap between finance and democracy.
Will this new feature ignite similar offerings on platforms like Binance? Only time will tell, but it's clear Robinhood is setting the bar high for interactive, civic-oriented fintech.
Keep an eye on how this might shape the crypto market – the 2024 election is one to watch! 🔍
#Robinhood: #Elections2024 #TetherAEDLaunch #Write2Rean

According to data from Google Finance, Robinhood’s stock price has tanked 1.34% to 19.11 USD. This comes after recent news of the entity’s legal settlement and an expansion of its operations in the United Kingdom. 
The California Department of Justice ended its investigation into what Robinhood’s lead counsel described as “historical practices” in the popular trading app’s crypto business from 2018 to 2022.

Robinhood’s crypto-trading subsidiary previously prevented customers from withdrawing the tokens they purchased. On Wednesday, the state of California issued a $3.9 million fine to Robinhood Crypto LLC for its past practices. This is despite the fact that the company abandoned that policy in 2022.
The state’s investigation specifically treated all of the cryptocurrencies that could have been purchased and sold through Robinhood as commodities. 
According to a press release from the California Department of Justice, the company violated California commodities law by allowing users to buy crypto but without allowing them to take personal custody of the assets.
Robinhood legal settlement bids bad market trade
As stipulated in the settlement agreement, the brokerage firm is required to update its disclosures regarding trading and custody practices and facilitate ongoing crypto withdrawals. Despite the announcement that these long-standing issues had been resolved, company stock price experienced a 1.34% decline to 19.11 USD.
The settlement also emphasizes past inconsistencies in its operations, including the assertion that it connected to multiple trading venues to guarantee competitive prices while failing to disclose specific custodial practices adequately. 
The stock market responded lightly to the news despite the fact that these practices, which have since been rectified, were intended to more closely align the financial services provider with consumer protection legislation.
In May, the U.S. Securities and Exchange Commission informed Robinhood Crypto that it is preparing to file a lawsuit due to alleged violations of federal securities laws. 
On the other hand, the brokerage firm has been expanding its services internationally, with a significant drive into the United Kingdom following its regulatory challenges in the United States. The financial services provider introduced its platform on September 4, which allowed British customers to lend out completely paid stocks. 
The company acquired Bitstamp, a crypto exchange, for $200 million in June of this year. This acquisition of Luxembourg-based Bitstamp is Robinhood’s first institutional business, granting it access to Bitstamp’s institutional offerings, including institutional lending, staking, and the white-label solution Bitstamp-as-a-service.

#Robinhood: #NFPWatch #USDataImpact #BNBChainMemecoins