Robinhood Markets Inc

NASDAQ:HOODUnited States

Nov 13, 2024

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• DJ Robinhood Wants to Compete With Coinbase Amid Crypto's Soaring Prices -- Market Talk, from 6:23PM ET on Wednesday Nov 13, 2024 by Dow Jones

  6:23PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: COIN, HOOD
  
  1823 ET - Bitcoin has surged 30% since Election Day, topping $90,000 for the first time Wednesday, fueled by Donald Trump's pro-crypto stance. Stock-trading app Robinhood, which has historically been conservative in terms of the coins it has listed and the services it has offered, says this bullish view provides an expansion opportunity. "I think the change in the regulatory environment is going to free up our ability to compete more on a level ground with Coinbase, and that's exciting," CFO Jason Warnick says at the Wolfe Research Wealth Symposium. Robinhood already on Wednesday listed four additional coins. "Customers are responding nicely to that," Warnick says. "I think it's a strong signal that we intend to continue to invest in crypto, to innovate here." (connor.hart@wsj.com)
  

• DJ Robinhood Looks to Launch More Betting Opportunities After Election -- Market Talk, from 5:47PM ET on Wednesday Nov 13, 2024 by Dow Jones

  5:47PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: HOOD
  
  1747 ET - Robinhood successfully launched election-prediction betting on its platform, prompting the stock-trading app to consider expanding the offering to future events. "It's a super-interesting opportunity for us," CFO Jason Warnick says at the Wolfe Research Wealth Symposium, noting that 500,000 customers funded and opened accounts on the platform leading up to the election and traded about 500 million contracts in roughly a week. "It was a strong signal from our customers that they're very much interested in event contracts," he says. Now, the challenge will be to learn from this experience and innovate more selections in the future. "We'll have to see how that plays out," Warnick says. (connor.hart@wsj.com)
  

• DJ Coinbase, MicroStrategy Stocks Fall Again. Why It's a Volatile Week for Crypto Shares. -- Barrons.com, from 3:31PM ET on Wednesday Nov 13, 2024 by Dow Jones

  3:31PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: MSTR, COIN, HOOD
  
  By Callum Keown
  
  Coinbase Global, Robinhood Markets, and other crypto-related stocks slipped again on Wednesday as Bitcoin's blistering rally appeared to take a pause.