Popular stock and cryptocurrency trading app Robinhood has surpassed its financing goals by raising $280 million in Series F funding at an $8.3 billion valuation. Publicly announced May 4, the Series F was led by venture capital firm Sequoia, alongside existing and new investors that included NEA, Ribbit Capital, 9Yards Capital and Unusual Ventures. Last month, Cointelegraph reported that Robinhood had ostensibly been seeking to raise $250 million at an approximate valuation of $8 billion. Alongside traditional equities and options, the app’s commission-free crypto trading service supports major coins such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin …

Popular stock and cryptocurrency trading app had a lot of problems in March, and is reportedly trying to make up for it with help from a new injection of cash. According to Bloomberg, Robinhood is in the process of raising $250 million at a valuation of about $8 billion. Citing anonymous sources, the report says the new funding round will be driven by Robinhood’s existing investors, like major venture capital firm Sequoia Capital. The word is that there’s still no final deal. Cointelegraph contacted Robinhood for comment and didn’t receive an immediate response. We will update this story if they …

Following a series of platform outages during historic price action earlier this month, Robinhood, a popular stock and cryptocurrency trading app, now faces another class action complaint. The lawsuit, filed March 25, was brought by customer Bruce Queen, on behalf of “all Robinhood customers within the United States who were not able to execute trades on securities or change limit orders during the Outages and incurred financial losses.” Missing the biggest gain in Dow history As Cointelegraph reported, on March 2, the Robinhood suffered technical problems for the entire day, meaning customers were unable to trade the securities in their …

Crypto and trading app Robinhood has begun taking action to reconcile with users affected by technical problems that sidelined them during the biggest one-day point gain in the history of the Dow Jones Industrial Average. On March 23, Robinhood reportedly emailed affected users to apologize for the incident and demonstrate its intention to rebuild customers’ trust in the form of credits, with the dollar amount to be determined on a case-by-case basis. Will users get reimbursement? A spokesperson for Robinhood told Cointelegraph that after reviewing customers’ emails and accounts, Robinhood indeed credited some of the affected customers. Specifically, Robinhood credited …

“Robinhood, a pioneer of commission-free investing, gives you more ways to make your money work harder.” At least, that’s what is stated on the website of Robinhood, the popular stock and cryptocurrency trading app. However, the app’s recent outages on March 2 and March 9 have shown that fancy words on landing pages are insufficient to make an application reliable — and now, traders are starting to gang up on Robinhood. The reason for this turn of events is that on March 2, Robinhood traders were left unable to complete exchange orders and without access to their portfolios or charts …

After experiencing a major outage last week, major stock and cryptocurrency trading app Robinhood is troubled again. Robinhood encountered another technical outage on Monday, causing its platform to halt trading services, according to a March 9 tweet by Robinhood’s support team. Robinhood partially fixes the outage after an hour of downtime The firm announced earlier on the day: “Trading is currently down on Robinhood and we’re investigating the issue. We’re focused on getting back up and running as soon as possible and we’ll update the status page with the latest.” Subsequently, Robinhood has partially restored trading, noting that they are …

Following a major technical outage, popular stock and cryptocurrency trading app Robinhood is purportedly operational again. The popular platform for trading stocks and cryptocurrencies like Bitcoin (BTC) experienced a major technical outage, causing a loss of access to user accounts. On Monday, March 2, Robinhood encountered a day-long technical problem with users purportedly being unable to complete their exchange orders or even load their portfolio lists and charts. Robinhood temporarily restored service to experience outage again Subsequently, Robinhood released an official statement on the matter, providing little information on what exactly happened exactly. Robinhood support team tweeted on March 2: …

More than 200,000 Robinhood clients have already expressed their intent to use its new fractional stock trading app announced yesterday. Vladimir Tenev, co-founder at Robinhood, said that the clients were “already in line” for the app, considering the early signs as “really promising,” CNBC reports Dec. 13. After Robinhood’s user base recently crossed 10 million accounts, the firm is now valued at $7.6 billion and plans to expand its business to the United Kingdom, according to recent data. Robinhood users can buy slices of Amazon shares and ETFs for just $1 Robinhood, a major California-based financial services firm that is …

Stock and cryptocurrency trading platform Robinhood has withdrawn its bank charter application with the Office of the Comptroller of the Currency. As CNBC reported on Nov. 27, Robinhood voluntarily decided to withdraw its application with the regulator due to the challenges the company could face in receiving a charter. A spokesperson said that “Robinhood will continue to focus on increasing participation in the financial system and challenging the industry to better serve everyone.” Robinhood applied for a bank charter with the United States Office of the Comptroller of the Currency in April, asserting that it would be the first step …

Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to LinkedIn’s new list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while Coinbase’s position was downgraded to 29th (was third in 2018). Stock and crypto trading startup Robinhood mostly retained its position, moving from the sixth place in 2018 to the 7th in 2019. Crypto startups are falling out On the other hand, Gemini Trust Company, the custodian …

A subsidiary of United States-based stock and crypto trading app Robinhood has been approved to operate as a broker in the United Kingdom. Robinhood coming to the UK Robinhood International, a Robinhood subsidiary, has received regulatory approval from major British regulator, the Financial Conduct Authority (FCA), according to a blog post on Aug. 7. The FCA approval will allow the firm to bring its investing platform to British customers, Robinhood said in the report, adding that the move would be a critical step on its path to democratizing finance for all. According to the post, the Robinhood team in London …

Cryptocurrency-inclusive trading platform Robinhood has raised $323 million in a recent funding round. Robinhood shared the figure in an official announcement on July 22. As per the report, the investment firm DST Global led the Series E financing round that also included Ribbit Capital, NEA, Sequoia and Thrive Capital as other contributing members. Additionally, the announcement specifies that this funding round puts Robinhood at a $7.6 billion post-money valuation. Today’s announcement follows previous reports that Robinhood was planning to raise upwards of $200 million to set the firm’s post-funding valuation between $7 billion and $8 billion. According to Robinhood’s website, …