MENLO PARK, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) today reported select monthly operating data for May 2024: Funded Customers at the end of May were 24.1 million (up approximately 120 thousand from April 2024, up 960 thousand year-over-year). Assets Under Custody (AUC) at the end of May were $135.0 billion (up 9% from April 2024, up 65% year-over-year). Net Deposits were $3.6 billion in May, translating to a 35% annualized growth rate relative to Apri ...

HOOD Robinhood Markets Shares of Robinhood Markets Inc. NASDAQ: HOOD have already had a massive run so far into 2024. Still, the new up-and-comer asset manager must look for ways to keep delivering further growth for its investors and customers. Investors should watch out for how this stock creates a brand moat before it becomes too apparent to buy at a low price. Robinhood Markets Today ▼ $23.69 Most market participants think Robinhood is simply a platform for retail investors who like to take risks and tr ...

Cryptocurrencies, artificial intelligence (AI), and new stock issuance are just a few of the catalysts that are propelling growth stocks to incredible heights. These catalysts and a few others have led to some stocks doubling their share price during the first five months of the year. The impressive gains are likely to continue as the bull market rides on. Robinhood Markets (HOOD) HOOD stock rose 7% on news of the Bitstamp acquisition. The crypto exchange is expected to power the growth of crypto trading on ...

Founded in 2011, Bitstamp operates in multiple regions, including Luxembourg, the U.K., Slovenia, Singapore and the United States, and holds more than 50 active licenses and registrations globally. Accelerating Global Expansion This strategic move aligns with Robinhood's broader goal to become a comprehensive financial services provider by leveraging Bitstamp's established market position and regulatory approvals. Hence, the deal to acquire Bitstamp is part of its global expansion initiatives. A key highlig ...

On Thursday, Jun 6, Robinhood Markets, Inc. (HOOD) announced that it has inked a deal to buy Luxembourg-based cryptocurrency exchange Bitstamp for $200 million. Robinhood's shares jumped 6.5% on the news during the trading session. HOOD has been having a terrific year to date. In the first week of May, the company reported $618 million in revenues for the quarter ended March 2024, representing a year-over-year increase of 40.1%. It beat the Zacks Consensus Estimate of $544.7 million, pulling off a surprise ...

Robinhood has previously identified "winning the active trader market," "increasing wallet share" and expanding outside the U.S. as key areas for future growth. In a press release, the company said it expects to pay about $200 million in cash as part of the deal to become the owner of the cryptocurrency exchange. It is aiming to complete the acquisition sometime in the first six months of next year. CLICK HERE TO READ MORE ON FOX BUSINESS CRYPTO INDUSTRY FIGHTS BACK AGAINST GOVERNMENT CRACKDOWN GET FOX BUSI ...

This acquisition will bring Bitstamp's globally-scaled crypto exchange to Robinhood, with retail and institutional customers across the EU, UK, US and Asia. Acquiring a global exchange will significantly accelerate Robinhood Crypto's expansion worldwide. Bitstamp holds over 50 active licenses and registrations globally and will bring in customers across the EU, UK, US and Asia to Robinhood. Expected to close in the first half of 2025, subject to customary closing conditions, including regulatory approvals. ...

This acquisition will bring Bitstamp's globally-scaled crypto exchange to Robinhood, with retail and institutional customers across the EU, UK, US and Asia. This strategic combination better positions Robinhood to expand outside of the US and will bring a trusted and reputable institutional business to Robinhood. Expected to close in the first half of 2025, subject to customary closing conditions, including regulatory approvals. MENLO PARK, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ( ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Many investors might apply this logic to the stock market. It's true that a well-timed investment can create millionaires, and poorly-timed investments can wreck fortunes. However, the quality of the investment is more important than timing. A high-quality investment could continue strong growth and even outperform for years to come. The S&P 500 and Nasdaq Composite are each up more than 10% year to date, but some stocks have performed far better than those indexes. A panel of Motley Fool contributors exami ...