Chainalysis helps Robinhood in meeting compliance requirements

    Robinhood will be partnering with crypto tracing firm Chainalysis to get data and tools for trading in advance of the app launching its crypto wallet. The trading app will adopt Chainalysis’ monitoring compliance solution Know Your Transaction and the Chainalysis Reactor, its investigations software, to meet compliance requirements. On Monday, Chainalysis announced the integrated partnership…

    Robinhood CEO says: Crypto wallet waitlist reaches 1 million customers

    The waitlist for Robinhood’s crypto wallet is now more than one million customers long, Robinhood CEO Vlad Tenev told CNBC on Thursday. The feature is in high demand by clients of the popular zero-commission trading app. Robinhood, one of the largest trading platforms in the US, announced last month it was planning to roll out…

    Robinhood is testing a crypto wallet to roll out in 2022

    Robinhood is testing a new feature on its app that would enable users to trade and store cryptocurrency in digital wallets, according to Bloomberg. People interested in beta testing the new feature can sign up soon, though the official release won’t come until 2022. Shares in Robinhood Markets, Inc. already jumped nearly 11% after the…

    Robinhood anticipates the lower revenue, as crypto trading is slowing down

    Robinhood said it anticipates retail trading is slowing down in the third quarter of 2021 relative to the second quarter, especially in cryptocurrencies. Crypto trading accounts for about 17% of Robinhood’s revenue. Popular stock trading app Robinhood warned that potential trading revenue will be lower and new clients as the boom in retail investing starts…