Company
Robinhood Markets (NASDAQ: HOOD) is a US retail brokerage app offering commission-free stock, options, crypto, and derivatives trading to millions of customers.
Robinhood Chain's 30-day DEX volume of $38.62 billion passed Base's $30.46 billion, according to Defillama data. Its third-quarter results will take in a September when Robinhood covered gas on some swaps, and none of the slower October.
Reality
Bank of America raised Robinhood's target to $156 from $140 and Coinbase's to $203 from $174, and cut eToro's to $39 from $46 before Q3 earnings. A broker and a crypto exchange both got raises, so the note does not split retail trading from crypto.
Reality
Robinhood, SoFi and Public offer 3% ACATS matches on Webull portfolios, Crowdfund Insider reported, after a House report cut Webull shares about 19%. The article dates Robinhood's 3% bonus to earlier in the summer and puts SoFi's at $300 per $1,000, so the Webull link is the publisher's inference.
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Fidelity is giving advisory firms with less than $100 million on its custody platform until June 30 to move their accounts elsewhere. For firms that use Fidelity as their only custodian, the move means months of repapering client accounts, American Banker reported.
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Robinhood is routing its new US crypto perpetuals, with up to 10x leverage, through its own Bitstamp exchange instead of Lighter. Lighter's LIT token fell about 17% within the hour, a loss Bankless calls a near-term repricing that gets tested once US rules admit decentralized venues.
Perspective Coverage
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Robinhood said eligible US customers will trade eight crypto perpetual futures in its app within months, with up to 10x leverage on bitcoin and ether. The product brings leverage US retail traders mostly found on offshore exchanges into a mainstream American brokerage.
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The Justice Department says two Robinhood engineers each made more than $50,000 trading Hyperliquid perpetuals ahead of Robinhood Crypto listings. Prosecutors charged commodities fraud and wire fraud instead of securities fraud.
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Vlad Tenev says an issuer's authority reaches the privileges attached to the shares it issues and no further. Robinhood keeps its AMC tokens on sale while Adam Aron calls them unauthorized and threatens to bring in the SEC.
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Devin Ryan lifted his Robinhood target to $165 on the assumption that its Layer-2 earns a million dollars a day in 2027, roughly a quarter of the chain's best days so far, with Arbitrum keeping a tenth of the gross.
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Event contracts brought in $156m last quarter on 13.6 billion tickets, which is the arithmetic behind Robinhood buying equity in a contract supplier as well as listing its markets. OG.com's contracts go live on September 8.
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Robinhood is paying Citadel's July price for an undisclosed minority slice of the venue that will clear volume Robinhood can move at will, which makes OG.com a fourth supplier rather than an owned engine.
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The thing AMC wants withdrawn is debt issued by a Jersey subsidiary, so the buyer holds a cinema chain's price and Robinhood's solvency in one position, and the SEC line separating the two tokenisation routes binds nobody.
Perspective Coverage
3 publishersReality
Robinhood's Stock Tokens are Jersey-issued debt that pays a share's price and none of its rights, which is why its chief legal officer, an SEC commissioner until 2015, says it will not stop, and why AMC's route to Washington looks narrow.
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