Last Updated on August 30, 2023 by Bitfinsider
According to CoinDesk, Robinhood and Jump Trading have discontinued their years-long crypto cooperation.
According to CoinDesk, on-chain data indicates that the relationship may have ended in July. In the meantime, according to a recent Bloomberg story, Jump has been retreating from crypto in the United States due to regulatory uncertainty.
The Securities and Exchange Commission subpoenaed Robinhood earlier this year about its bitcoin services. In its most recent quarterly report, the company reported decreased crypto-related sales, despite the fact that crypto trading revenues were never significant for the company best known for empowering smaller retail investors who seek to buy and sell equities via a smartphone app.
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