Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue
Robinhood Markets (HOOD) faces potential headline risk from imminent SEC market structure proposals, a cautious stock market outlook and potential fallout from the FTX collapse hitting crypto trading revenue, Citi (C) said in a research report Tuesday.
Robinhood Gaining Crypto Market Share After FTX Collapse, CEO Says
Robinhood has seen market share increase in the weeks following FTX's collapse, CEO Vlad Tenev said. The company had no exposure to the now failed exchange.
Bankrupt Crypto Lender BlockFi Sues SBF’s Firm Over Robinhood Shares
The Financial Times reported that the troubled cryptocurrency lender BlockFi has filed a lawsuit against Sam Bankman-Fried’s Emergent Fidelity Technologies over Robinhood (HOOD) shares held by the company and pledged to BlockFi as collateral Tuesday.
BlockFi sues FTX's Bankman-Fried over shares in Robinhood
Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November.
Robinhood: We Don't Lend Crypto, Balance Sheet With No Debt and $6B in Cash
Robinhood Markets Inc. reiterated its crypto safety practices in a Twitter thread, saying customer assets are “completely segregated from any firm activity.”
