ChainCatcher news, according to Cryptopotato, the cryptocurrency division of the American financial services company Robinhood has released its year-end report for 2024, outlining the growth over the past 11 months and the expansion into new markets.As of November 2024, the nominal trading volume of Robinhood Crypto is $119 billion, with managed crypto assets valued at $38 billion. Robinhood Crypto has expanded its services in the U.S., fully covering 50 states and territories including Hawaii, Puerto Rico, and the U.S. Virgin Islands.The company has increased the number of cryptocurrencies available in the U.S. to 20 by adding new assets such as Solana (SOL), Pepe (PEPE), and dogwifhat (WIF).

ChainCatcher news, according to Globenewswire, Robinhood Markets released its operational data for November 2024.As of the end of November, the total number of funded customers on the trading platform was 24.8 million (an increase of approximately 420,000 from October 2024, and an increase of about 1.5 million compared to the same period last year); assets under management were $195 billion (a month-over-month increase of 22%, and a year-over-year increase of 106%). The nominal trading volume for stocks reached $147.1 billion (a month-over-month increase of 16%, and a year-over-year increase of 178%). The trading volume for options contracts reached 155.5 million (a month-over-month decrease of 2%, and a year-over-year increase of 63%). The nominal trading volume for cryptocurrencies reached $35.2 billion (a month-over-month increase of over 500%, and a year-over-year increase of over 700%). As of the end of November, the company's financing balance was $6.8 billion, the total cash collection balance was $26.5 billion, and total securities lending revenue was $23 million.

ChainCatcher message, crypto industry figure Plazma (@Plazma0x) recently posted on X that it has been over 20 days since Robinhood listed PEPE, and he has already held 2.5% of the PEPE supply.Mechanism Capital partner Andrew Kang commented on this, stating: "This is equivalent to buying $50 billion worth of BTC in 3 weeks. Retail investors are buying a large amount of Meme coins from the market."

ChainCatcher news, according to Fortune, Robinhood CEO Vlad Tenev announced that the company will enter Asia next year, establishing a local headquarters in Singapore.Additionally, Robinhood's Chief Financial Officer (CFO) Jason Warnick revealed that the company is seeking more merger and acquisition activities, and currently, Robinhood is completing two new acquisitions. One is TradePMR, a wealth management platform for registered investment advisors, which it acquired for $300 million; the other is the acquisition of Bitstamp Ltd. for $200 million, a global cryptocurrency exchange founded in 2011, with offices in Luxembourg, the UK, Slovenia, Singapore, and the United States.

ChainCatcher news, Robinhood Markets Inc. CEO Vlad Tenev stated that the company will enter the Asian market next year, with Singapore as its local base in the region. Tenev said, "We plan to serve customers across Asia soon."Citigroup analyst Christopher Allen wrote in a report that Robinhood has been granted permission to expand its product offerings in the UK and announced plans to open a Asia-Pacific office in Singapore and obtain a brokerage license in the region.

ChainCatcher news, according to Walter Bloomberg, the U.S. retail trading platform Robinhood's nominal cryptocurrency trading volume surpassed $30 billion in November.

ChainCatcher news, according to Crowdfund Insider, Robinhood has announced the launch of Ethereum (ETH) staking services, allowing European users to earn returns on their ETH holdings.Additionally, earlier this year, Robinhood Crypto launched Solana (SOL) staking services in Europe.

ChainCatcher news, according to Aggr News, the Robinhood US platform has officially launched the WIF token.

ChainCatcher news, according to market news, Robinhood's Chief Legal Officer Dan Gallagher stated that he will not serve as the chairman of the U.S. Securities and Exchange Commission.

ChainCatcher message, Robinhood Crypto announced on the X platform that the BONK transfer feature is now live.

ChainCatcher message, according to iChainfo monitoring, Circle (address: 0x55fe...44b8) transferred 190 million USDC to Robinhood (address: 0x6883...4786) 1 hour ago.

ChainCatcher news, according to Coindesk, based on Bernstein's research report, Robinhood is expected to be the biggest beneficiary of the potential relaxation of cryptocurrency regulations in the United States.With the possible pro-cryptocurrency policies from the U.S. Securities and Exchange Commission (SEC), Robinhood's market potential is expected to increase significantly. Bernstein raised the target stock price for this trading platform from $30 to $51 and maintained an outperform rating on its stock.In addition, Robinhood recently acquired the cryptocurrency exchange Bitstamp, which will enhance its ability to offer value-added crypto services.

ChainCatcher news, according to Bloomberg, Robinhood Markets Inc. has agreed to acquire TradePMR, a custody and portfolio management platform for registered investment advisors, in a move aimed at attracting a broader base of affluent investors. Robinhood stated in a release that the deal—valued at approximately $300 million in cash and stock—is expected to close in the first half of next year. Through this acquisition, TradePMR's registered investment advisors will be able to access Robinhood's customers, who will also be able to easily connect with registered investment advisors (RIA). TradePMR is headquartered in Gainesville, Florida, and manages over $40 billion in assets. According to the statement, the TradePMR team will join Robinhood.Robinhood has expanded its product offerings in the competitive retail investing space by increasing the available cryptocurrencies, launching credit cards, and even providing traders with the option to bet on election outcomes. It is also targeting clients with more stable levels of wealth, attempting to challenge traditional giants like Charles Schwab Corp. and Fidelity Investments in the rapidly growing wealth management sector.

ChainCatcher news, according to Decrypt, as the prices of Bitcoin and other cryptocurrencies rise, several mobile cryptocurrency applications have seen their rankings increase in the Apple App Store.Among them, Coinbase has jumped from 26th place on U.S. Election Day to 1st place in the free finance category as of Friday. This rise in ranking coincides with a surge in trading volume for the exchange, which, according to CoinGecko, exceeded $12 billion on November 12, setting a record for the year.Other major crypto applications like Robinhood and Crypto.com have followed Coinbase's lead, climbing into the top 10 of the same category. Additionally, the mobile meme coin trading platform Moonshot surged 388 places from outside the top 400 to rank 84th in the free finance category during the same period.According to SensorTower data, Moonshot launched in July and has accumulated over 90,000 downloads on the iOS App Store and Google’s Android Play Store. As of late Friday, the multi-chain crypto wallet Phantom ranked sixth in the utilities category of the App Store.

ChainCatcher news, according to Arkham monitoring, in the past 12 hours, the cryptocurrency trading firm Cumberland DRW transferred approximately 1.35 trillion PEPE to Robinhood through 3 transactions, worth about 26.73 million USD.

ChainCatcher news, according to Whale Alert monitoring, around 12:09 Beijing time today, Wintermute transferred 1,995,477,495,278 PEPE (approximately 46.62 million USD) to Robinhood.Previous news, Wintermute transferred PEPE worth approximately 35.27 million USD to Robinhood.

ChainCatcher news, according to Whale Alert monitoring, around 05:23 Beijing time today, Wintermute transferred approximately 19.7 trillion PEPE (about 35.27 million USD) to Robinhood.