Cryptocurrency
Robinhood App Raises $363 Mln To Expand Its Zero-Fee Crypto Trading Platform US-Wide via @cointelegraph
According to CoinTelegraph, “Stock trading app Robinhood has raised $363 mln in a series D funding round in order to expand its crypto trading platform, ‘Robinhood Crypto,’ US-wide, according to a company press release today, May 10. “As Fortune reports, the funding makes Robinhood the second most valuable fintech startup in the US, and its current valuation […]
According to CoinTelegraph, “Stock trading app Robinhood has raised $363 mln in a series D funding round in order to expand its crypto trading platform, ‘Robinhood Crypto,’ US-wide, according to a company press release today, May 10.
“As Fortune reports, the funding makes Robinhood the second most valuable fintech startup in the US, and its current valuation is at $5.6 bln, more than a fourfold increase from last year.
“DST Global led the recent round, with new investors including Sequoia Capital, Kleiner Perkins, Iconiq Capital and Capital G (the VC arm of Google parent company Alphabet).
“Over 4 mln users have now opened brokerage accounts with the service, which has been offering a crypto-specific platform since February, currently available in 10 U.S. states.”