Closed
The Marked Chart Wire · Crypto
Ripple
Robinhood has activated Ripple's RLUSD on its blockchain and Bitstamp, with plans to add it to the main app later this year. The partnership also expands into treasury software and institutional trading loans.
Prices from Based on Tue, Oct 27 close · Opens Wed 9:30 AM ET. Each tile opens the stock's chart and news.
New to this? Read: Trading vs investing: pick your clock
Robinhood
Robinhood reported $1.42 billion in revenue but posted $0.51 per share, below the $0.55 estimate. Prediction market bets reached $173 million while crypto revenue increased slightly.
Robinhood
Robinhood's crypto revenue fell 55 percent year over year, yet the figure exceeded Wall Street expectations. Trading volume declined 38 percent, although the company's broader blockchain operations saw increased activity.
RLUSD
Ripple and Robinhood are broadening their collaboration to distribute the RLUSD stablecoin to retail and institutional clients. The company also deepened its custody agreement with BNY and partnered with C2FO for trade finance settlement.
Crypto
Robinhood will add Ripple's $2.5 billion RLUSD stablecoin to its platform for retail customers later this year, even though the firm helped launch the competing USDG token.
Tokenized Stocks
Analysts anticipate Robinhood will address the growing threat from tokenized stocks during its upcoming earnings call, a sector viewed as a key growth area for crypto.
Ripple
Ripple CEO Brad Garlinghouse confirmed on Monday that the regulator granted final approval for the company's federally supervised trust bank.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.