The Digital Chamber slams SEC for issuing Wells Notice against Robinhood
The industry group expresseed "disappointment and concern."
Get the latest Robinhood crypto news, including trading products, token listings, regulatory updates, and digital asset expansion.
The industry group expresseed "disappointment and concern."
Mike Dalton 2 min read
Robinhood plans to challenge the SEC's claims.
The trading platform recently reported a 75% increase in its crypto trading volume for November.
Amidst falling revenue, Robinhood sets its sights on international growth with its UK brokerage launch and plans for EU crypto trading.
The tech giant had been an early investor in Robinhood but began to unload shares as trading volumes dried up.
Robinhood is eyeing the European crypto market, gearing up to launch EU cryptocurrency trading as part of its strategic vision.
A federal court in the Southern District of New York has approved the terms of deal and it may now proceed at a price of $10.96 per share.
The same address also holds $177 million of other ERC-20 tokens.
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