NEW YORK — Federal prosecutors have brought sweeping criminal charges against two former Robinhood software engineers, accusing them of orchestrating a calculated insider trading scheme that exploited confidential corporate data for personal financial gain. According to an indictment unsealed Tuesday by the U.S. Attorney’s Office for the Southern District of New York, 36-year-old Hefu Chai…
NEW YORK — Robinhood Markets, Inc. experienced a dynamic end to the summer, marked by a significant rebound in digital asset trading volumes, explosive growth in decentralized finance, and the continued maturation of its breakout prediction markets business. According to operating data released by the financial services platform on Thursday, August notional crypto trading volume…
By PYMNTS | July 13, 2026 Robinhood Markets is reportedly preparing to enter the asset-backed securities (ABS) market, a move that signals a significant maturation of the fintech firm’s credit operations. According to sources familiar with the matter, the company is weighing the sale of between $400 million and $500 million in bonds backed by…
On July 1, 2026, the financial landscape underwent a significant transformation as Robinhood, the brokerage giant that democratized stock trading for the retail masses, officially launched the mainnet for Robinhood Chain. This custom-built blockchain network represents a bold strategic pivot, merging the stability and regulatory familiarity of traditional finance (TradFi) with the high-speed, programmable efficiency…
In a move that signals a seismic shift in the brokerage industry, Robinhood, the retail trading giant that democratized stock market access, has officially launched the public mainnet for its highly anticipated Ethereum layer-2 network: Robinhood Chain. This strategic pivot represents more than just a technological upgrade; it is an aggressive push to merge the…
By PYMNTS | July 1, 2026 In a move that marks a definitive shift in the landscape of digital finance, Robinhood Markets has officially launched the public mainnet of "Robinhood Chain." This Layer 2 blockchain represents the company’s most ambitious infrastructure play to date, signaling a transition from a retail trading application to a comprehensive,…
In a move that underscores the shifting priorities of the modern fintech landscape, Robinhood Markets Inc. has announced a significant reduction in its workforce. Despite reporting record-level trading volumes and a strengthening bottom line, the Menlo Park-based brokerage is cutting approximately 10% of its staff—roughly 295 employees. This decision, revealed through a recent filing with…
