Tag: robinhood

Dec 04
Robinhood has withdrawn its banking charter application

Robinhood, the US-based commission free stock trading platform has withdrawn its application with the Office of the Comptroller of the Currency (OCG) for bank charter, seven months after submitting the application in April. A successful application would have allowed to fintech to move further into the banking space independently. The withdrawal was reportedly voluntary and […]

Nov 07
Robinhood Traders Discovered a Glitch

A glitch in the Robinhood Markets Inc. system is allowing users to trade stocks with excess borrowed funds, giving them access to what amounts to free money. According to a Reddit user, the so-called “infinite money cheat code” bug is being exploited and at least one user “bragged about a $1 million position funded by a $4,000 […]

Aug 09
Robinhood enters the United Kingdom

Robinhood enters the United Kingdom, after raising $323 million last month, the company—now valued at $7.6 billion—announced Wednesday (Aug. 7) it received regulatory approval to operate as a broker in the United Kingdom. Robinhood haven’t share more information in regards to its launch in the UK but its authorisation by the FCA makes it clear tha the company is […]