Tag: Robinhood

Robinhood cuts 23% of its workforce as fewer users trade during the bear market

Robinhood cuts 23% of its workforce as fewer users trade during the bear market

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Robinhood is downsizing because fewer users are trading on its app amid the tumult hammering stock and cryptocurrency markets Robinhood is downsizing because fewer users are trading on its app amid the tumult hammering stock and cryptocurrency markets Robinhood Markets said Tuesday it’s cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and […]

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Robinhood’s crypto arm fined million by New York State’s financial regulator

Robinhood’s crypto arm fined $30 million by New York State’s financial regulator

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The regulator claimed that Robinhood Crypto did not “devote sufficient resources” to mitigate risks The regulator claimed that Robinhood Crypto did not “devote sufficient resources” to mitigate risks New York State’s financial regulator has fined the cryptocurrency arm of Robinhood Markets Inc $30 million for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules. (Sign […]

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