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Robinhood has officially entered Canada after completing its $180 million acquisition of WonderFi, a local crypto technology company. The deal brings two of Canada’s largest crypto exchanges, Bitbuy and Coinsquare, under Robinhood’s control, marking a significant expansion for the stock and crypto trading platform into the North American market. The acquisition closed on Monday and…
Legendary investor Paul Tudor Jones has ranked Bitcoin above gold as the best inflation hedge available, citing the cryptocurrency’s fixed supply against gold’s yearly production increases. Speaking on the Invest Like the Best podcast Tuesday, Jones made an explicit case for Bitcoin’s superiority during periods of aggressive monetary and fiscal stimulus, pointing to 2020 as…
Robinhood Chain Testnet Processes 4 Million Transactions in First Week as Mainnet Launch Approaches Robinhood’s Ethereum layer-2 network processed four million transactions during its first week of public testnet activity, CEO Vlad Tenev announced on Thursday. The milestone comes as the trading platform prepares for a mainnet launch later this year. In a Thursday post…
Robinhood Crypto has announced the launch of Solana staking services, offering a competitive annual percentage yield (APY) of 5%. This strategic decision caters to the growing demand for the SOL token among the platform’s EU user base. The 5% APY is a slight step down from Coinbase’s 5.42% reward for Solana staking, yet it represents…
