$107,804.00
2.01%$2,545.18
1.48%$2.26
0.32%$656.50
0.91%$155.43
3.96%$0.999772
-0.00%$0.1857
1.32%$0.282956
-0.93%$0.674105
1.25%$2,544.14
1.51%$107,798.00
2.14%$37.11
4.44%$3.32
3.71%$3,066.32
1.31%$13.93
1.61%$20.90
2.19%$9.13
-0.51%$420.63
1.29%$0.267329
-1.32%$3.21
1.96%$0.0000127
1.46%$0.171359
1.48%$0.999602
-0.02%$89.31
2.29%$2,542.93
1.38%$2,719.01
1.35%$4.04
-0.05%$332.25
1.79%$1.00
0.02%$1.00
-0.08%$4.70
1.03%$0.000012
4.37%$107,776.00
1.94%$0.631859
0.03%$31.47
0.38%$260.88
3.02%$6.56
3.78%$403.85
7.33%$1.18
-0.08%$5.98
11.55%$52.64
1.27%$4.78
1.79%$2.47
2.44%$0.09953
2.29%$1.00
0.00%$187.83
4.03%$0.847516
2.47%$17.03
0.41%$1.055
0.05%$29.98
-2.97%$0.086979
1.07%$18.23
-0.56%$0.652413
1.04%$1.00
-0.00%$10.60
2.57%$0.02422592
0.25%$3.97
3.65%$0.788384
4.95%$0.330984
5.83%$4.32
1.58%$107,576.00
2.29%$0.21247
1.18%$4.41
0.13%$1.13
2.75%$118.82
3.48%$2.52
0.95%$0.350522
2.11%$0.193838
2.14%$0.075248
3.14%$0.999132
0.12%$2,544.57
1.47%$4.47
1.75%$0.999859
0.02%$1.001
0.08%$11.16
0.75%$0.468518
3.43%$2.05
1.88%$164.05
4.06%$13.51
0.94%$0.00001627
5.25%$1.36
15.86%$1.92
7.09%$1.24
1.33%$0.01819095
2.12%$0.383596
2.29%$2,890.41
1.27%$4.04
0.98%$2,662.73
1.55%$1.12
11.37%$0.620273
0.80%$1.00
0.01%$0.191132
1.15%$0.663845
1.07%$0.99945
-0.01%$0.999294
-0.01%$0.061517
3.27%$107,447.00
1.76%$0.525388
0.16%$2,714.13
1.45%$0.921135
7.95%$0.582399
0.67%$2,664.50
1.39%$0.666483
1.69%$0.094088
2.87%$656.02
0.83%$107,517.00
1.98%$2,677.82
1.34%$107,271.00
1.13%$0.00008525
3.16%$3,328.07
0.23%$50.25
-0.61%$173.11
3.98%$3,339.73
-0.01%$0.766648
1.50%$0.130672
22.01%$2.35
1.50%$201.90
4.02%$0.83143
2.19%$0.01660181
2.12%$0.182949
0.83%$1.10
-0.01%$2.41
12.31%$0.01436867
1.82%$20.93
0.71%$111.34
0.00%$0.509188
4.00%$0.0000007
1.06%$0.119306
2.43%$0.280353
1.43%$4.14
3.31%$0.999968
0.01%$33.54
1.72%$0.01031822
2.98%$106,987.00
1.51%$1.58
12.60%$1.87
1.92%$0.997385
0.00%$0.62384
2.12%$2.01
-0.15%$0.229584
11.76%$0.573939
0.68%$1.68
3.24%$1.096
0.05%$0.368825
1.14%$2,542.84
1.37%$2.00
-4.41%$0.999147
-0.05%$0.713713
0.41%$2,543.59
1.39%$2.98
0.22%$37.04
4.34%$0.541107
4.80%$0.281918
0.31%$0.053349
1.23%$107,753.00
2.23%$2,719.92
1.49%$2,602.63
-0.51%$107,694.00
2.45%$8.91
-17.82%$2,543.68
1.41%$2,749.01
1.44%$0.999002
0.02%$0.01455593
1.88%$0.454972
2.87%$0.185468
1.25%$0.00454942
4.17%$0.135136
2.27%$1.48
5.62%$0.999801
0.00%$0.062824
-0.04%$0.04864624
-0.53%$1.001
0.03%$0.00002185
1.17%$15.30
1.03%$0.401645
-0.74%$6.57
4.59%$0.516688
2.08%$103,734.00
0.45%$6.03
0.46%$0.083465
2.63%$0.540298
0.74%$46.56
2.01%$0.5787
0.33%$0.00000042
-0.41%$2,544.81
1.55%$0.350761
6.57%$1.089
-0.01%$36.95
4.09%$0.999069
0.03%$36.87
-0.63%$1.43
4.08%$1.67
2.40%$0.00692334
2.09%$1.21
5.13%$0.155278
7.86%$2.43
0.97%$0.00425296
4.42%$0.999639
-0.04%$2,700.12
1.50%$1.002
0.10%$0.150408
1.43%$0.01931955
-0.93%$0.0383806
1.51%$0.377346
6.34%$0.364621
-0.96%$0.00449329
-3.41%$0.548325
1.22%$0.00000092
7.36%$2,804.30
1.45%$1.29
2.03%$107,737.00
2.02%$106,847.00
1.51%$0.07428
2.58%$0.00644452
3.62%$2,775.23
1.34%$0.03382136
-1.74%$0.797007
-0.75%$0.00392026
0.33%$0.0000602
1.59%$20.90
2.01%$169.11
4.17%$19.67
1.69%$2,545.23
1.49%$121.13
0.61%$0.212425
1.10%$7.68
-4.25%$0.999229
-0.02%$0.999061
-0.01%$0.330269
0.92%$2,539.31
1.28%$0.679481
6.83%$0.124554
-1.89%$0.661544
-1.51%$0.304954
0.54%$0.00000145
2.35%$0.00427188
5.80%$2.44
3.70%$0.9997
0.01%$0.00325858
4.75%$0.205375
0.80%$0.478878
1.86%$1.001
-0.81%$106,757.00
1.19%$25.32
2.13%$2,164.33
1.93%$16.26
0.72%$0.270322
5.89%$1.65
-0.92%Reading
Robinhood, the beleaguered stock-trading app whose gamified user interface brought crypto and “meme-stock” trading into the mainstream last year, is laying off 23 percent of its staff, the company announced Tuesday.
The decline in the value of cryptocurrencies, along with inflation, were among the causes, the company said.
Robinhood Crypto CTO Johann Kerbrat talks to Decrypt's Kate Irwin at Bitcoin Miami 2022 about Robinhood's new Lightning Network integration, potential NFT plans, and Kerbrat's personal history with crypto, including mining Bitcoin back in 2010.
It’s the second time in almost as many months that Robinhood has had to jettison staff. In April, citing similar “microenvironmental” factors, the company laid off nine percent of its employees, acknowledging that its projections and subsequent hiring spree did not ultimately square up to reality.
The company had grown around sixfold during the crypto boom lasting from 2020 to early 2022, bringing its employee count from 700 to 3,800.
Customer activity slowed, however, as crypto markets declined, and the company’s share price and revenue went kaput, both dropping by around half since this time last year, according to second-quarter earnings revealed alongside the layoffs.
That first round of layoffs “did not go far enough,” acknowledged CEO Vlad Tenev in Tuesday’s statement to employees. He added that the company now plans to introduce a “flattened” hierarchy centered around general managers, reducing “cross-functional dependencies” and duplicate roles.
“Last year, we staffed many of our operations functions under the assumption that the heightened retail engagement we had been seeing with the stock and crypto markets in the COVID era would persist into 2022,” wrote Tenev. “In this new environment, we are operating with more staffing than appropriate. As CEO, I approved and took responsibility for our ambitious staffing trajectory—this is on me.”
In April, Robinhood claimed to have around $6 billion in cash, and its growing cryptocurrency trading unit reportedly netted it $54 million in revenue that same month.
That feature, though popular, has nevertheless attracted scrutiny. On Tuesday, Robinhood was slapped with a $30 million fine by the New York Department of Financial Services; the department determined that Robinhood had failed to comply with anti-money laundering regulations required of crypto asset vendors.
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter." "Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team." "I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt. It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals. "While I can't provide a de...
