Robinhood | Crypto

Robinhood said developers will begin experimenting with applications on its Ethereum layer-2 network, while providing key technical feedback.

Robinhood is testing its own Arbitrum‑based Ethereum layer‑2, deepening its push into tokenized stocks and DeFi infrastructure alongside other major exchanges. Robinhood has launched a public testnet for Robinhood Chain, its new Ethereum layer‑2 network built using Arbitrum technology that aims to bring tokenized real‑world and digital assets onchain. According to a release shared with Cointelegraph, the testnet, which is now live for developers, offers network access points, documentation at docs.chain.robinhood.com, compatibility with standard Ethereum development tools and early integrations from infrastructure partners.  Robinhood says the chain is designed for “financial‑grade” use cases, including 24/7 trading, seamless bridging, self‑custody, and decentralized products such as tokenized asset platforms, lending markets, and perpetual futures exchanges.  Read more

The Series B extension values the New York–based crypto infrastructure company at about $1.5 billion and includes backing from institutional investors. Digital asset infrastructure provider Talos raised a $45 million extension to its Series B funding round, valuing the company at about $1.5 billion. The extension included new strategic investors such as Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside returning investors a16z crypto, BNY and Fidelity Investments, according to the company. "We extended our Series B round to accommodate interest from strategic partners,” said Talos CEO Anton Katz. Talos said proceeds will be used to expand product development across its trading, portfolio management, execution, treasury and settlement tools and to support tokenized traditional assets on its platform. Read more

Talos has raised a $45M Series B extension from new investors including Robinhood, Sony Innovation Fund, IMC, QCP and Karatage. The financing has brought Series B to $150M and set post-money valuation near $1.5B, with some proceeds settled in stablecoins. It has cited BlackRock Aladdin RFQ work too. The post Talos Raises $45M Series B Extension Backed by Robinhood, Bringing Total Funding to $150M appeared first on Cryptonews.

CoinDesk sat down with Robinhood’s head of crypto, Johann Kerbrat, to get an update on its upcoming layer-2 network, its tokenized stocks program, and its staking offerings.

Robinhood stands to gain more from prediction markets than Coinbase as users plan to deploy fresh capital rather than sell existing crypto, the bank said.

Robinhood has spent the past few years trying to outgrow its meme-stock reputation, and the clearest sign that it is thinking differently now sits far from Menlo Park. In early December, the company said it would buy PT Buana Capital Sekuritas, a small Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed digital asset trader, […] The post Robinhood is constructing a “regional triangle” that unlocks the one thing US regulators won’t permit appeared first on CryptoSlate.

The deal for FTX-linked MIAXdx puts Robinhood and Susquehanna in direct competition with Kalshi and Polymarket as interest in prediction markets heats up. A company with ties to the defunct cryptocurrency exchange FTX is being acquired by Robinhood Markets and Susquehanna International Group as part of a push into prediction markets. According to a Reuters report on Tuesday, Robinhood and Susquehanna will acquire a 90% stake in LedgerX, one of the few solvent companies tied to FTX following its bankruptcy filing in 2022. The move came just hours after Robinhood announced the launch of a futures and derivatives platform with options for prediction markets.  Robinhood initially reported the acquisition of a majority stake in MIAXdx, an exchange and clearinghouse licensed by the US Commodity Futures Trading Commission. MIAXdx, previously known as LedgerX, was acquired by Miami International Holdings (MIAX) for $50 million in 2023 amid FTX’s bankruptcy. MIAX will retain a 10% stake in the firm, according to Reute...

Robinhood is working on infrastructure developments, said Offchain Labs' A.J. Warner, including 24/7 trading, and leveraging technologies like Arbitrum Stylus for compatibility.

Crypto stocks slid as macro fears, government shutdown jitters and lingering fallout from October's $19 billion liquidation hit investor sentiment. Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities. On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets on its platform. Yet, despite the upbeat results, shares failed to maintain momentum amid broader market pressures and declining risk appetite. Read more

Crypto stocks slid as macro fears, government shutdown jitters and lingering fallout from October's $19 billion liquidation hit investor sentiment. Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities. On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets on its platform. Yet, despite the upbeat results, shares failed to maintain momentum amid broader market pressures and declining risk appetite. Read more

Professional sports are emerging as a notable tailwind for Robinhood as the firm’s prediction market offering grows, says Compass Point.

A large-scale Amazon Web Services outage Monday led to downtime for both Coinbase and Robinhood, yielding complaints from users.

This marks the second major Amazon AWS outage since April, when “connectivity issues” created usability problems for at least eight large crypto exchanges. Update Oct. 20, 1:15 p.m. UTC: This article has been updated to include comments from Dr. Max Li, founder and CEO of OORT. Coinbase and Robinhood were among several major platforms distressed by an Amazon Web Services (AWS) data center outage on Monday, underscoring the risks of relying on centralized cloud providers for critical financial infrastructure. Coinbase, the third-largest centralized cryptocurrency exchange (CEX) by trading volume, was hit by an AWS data center outage, which reported “increased error rates and latencies” for multiple AWS Services in the Northern Virginia region. Read more

Robinhood’s tokenization drive on Arbitrum now includes nearly 500 US stock and ETF tokens worth over $8.5 million, as the brokerage deepens its RWA push. Robinhood has expanded its tokenization initiative on the Arbitrum blockchain, deploying 80 new stock tokens in the past few days and bringing the total number of tokenized assets close to 500. According to data from Dune Analytics, Robinhood has tokenized 493 assets with a total value exceeding $8.5 million. Cumulative mint volume has surpassed $19.3 million, offset by around $11.5 million in burning activity, signaling a growing but actively traded market. Stocks account for nearly 70% of all deployed tokens, followed by exchange-traded funds (ETFs) at about 24%, with smaller allocations to commodities, crypto ETFs and US Treasurys. Read more

Injective launches onchain pre-IPO perpetuals for companies like OpenAI, offering leveraged exposure and a decentralized alternative to Robinhood’s tokens. Injective Protocol, a layer-1 blockchain focused on decentralized finance, is launching onchain pre-IPO perpetual markets, giving global investors access to trade synthetic versions of major private companies such as OpenAI. The new offering allows users to take up to five times leveraged positions on private company valuations directly through Injective, a move the protocol says distinguishes it from centralized pre-IPO products offered by platforms like Robinhood. According to Injective’s announcement on Wednesday, the Pre-IPO perpetuals are powered by onchain data sourced from Seda Protocol, which provides decentralized oracle infrastructure to bring price data onto blockchains, and Caplight, which aggregates private market pricing data for venture-backed companies. Read more

Robinhood has launched Robinhood Ventures Fund I, designed to give retail customers access to private firms before IPOs and hold them long term. The SEC filing is pending, and RVI shares are expected to list on the NYSE. The post Robinhood to Open Pre-IPO Investing to Retail Traders With New Fund appeared first on Cryptonews.

The brokerage is seeking SEC approval for Robinhood Ventures Fund I, which would trade on the NYSE and expose retail investors to private companies. Brokerage firm Robinhood is planning a closed-end fund that would give retail investors access to its venture capital portfolio — a space traditionally reserved for institutions and high-net-worth individuals. The brokerage disclosed Monday that it has filed a Form N-2 with the US Securities and Exchange Commission (SEC) to register shares of the Robinhood Ventures Fund I (RVI), which will be managed by its new subsidiary, Robinhood Ventures DE. If approved, shares of RVI will be listed on the New York Stock Exchange, where they can be bought and sold through participating brokerage platforms. Read more

Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income. DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%. The comparison positions the DeFi platform ahead of one of the […] The post Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row appeared first on CryptoSlate.

Shares of Robinhood soared 7% in after hours trading after the S&P 500 added the crypto-focused fintech to the index.