Bitcoin Slips to $63K as Crypto Market Faces More U.S. Regulatory Pressure
Despite the recent bounce, the correction isn’t over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs.
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Robinhood
Despite the recent bounce, the correction isn’t over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs.
Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer. The SEC is likely to sue for alleged securities violations in any case.
The trading platform previously ended support for all tokens that were named in SEC lawsuits against Binance and Coinbase.
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
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.