Trading Platform Robinhood, Layer-2 Arbitrum Team Up To Offer Swaps To Users
Users of Robinhood’s self-custody wallet will have access to Arbitrum swaps in the next coming months.
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Users of Robinhood’s self-custody wallet will have access to Arbitrum swaps in the next coming months.
On-ramps like the one used in this partnership are a key piece of infrastructure serving as a bridge between traditional banking rails and blockchain-based crypto economy.
The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region’s comprehensive rules.
The sale of 38,668 COIN shares from the Ark Fintech Innovation ETF follows a similar offload on Monday.
COIN, MSTR, HOOD and mining stocks were all showing upward movement in pre-market trading after BTC rose to its highest level in 18 months.
The fund continues to sell GBTC as shares have rallied 235% this year, outperforming bitcoin and traditional risk assets.
(Marques Thomas/Unsplash, modified by CoinDesk)
The 55 million HOOD shares owned by Bankman-Fried and fellow FTX co-founder Gary Wang through Emergent Fidelity Technologies.
The retail broker’s entry into crypto several years ago was powered by Jump Trading, which is a giant in traditional financial markets.
Cryptocurrencies Cardano (ADA) and Solana (SOL) fell more than the broader crypto market on Tuesday, just before trading app Robinhood was set to delist them later in the day at 6:59 p.m. ET.