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Robinhood has brought in more than $453 million in order flow payments this year as it eyes a potential IPO

Robinhood has brought in more than $453 million in order flow payments this year as it eyes a potential IPO

Quick Take

  • Robinhood has raked in nearly half a billion this year from payment for order flow. 
  • The amount represents a slight increase from the previous quarter.
  • A surge in retail trading has made 2020 a landmark year as the firm eyes a potential IPO in 2021.

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CryptoGenies? Digital Avatars Are Coming to Dapper’s Flow Blockchain

“Dapper Labs was a braindead fit for us to be able to further educate our young users,” Genies founder Akash Nigam said.

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R3 says it’s in a ‘very strong cash position’ despite UK entity losses in 2019

The UK subsidiary of leading enterprise blockchain business R3 lost £19.6m in 2019 after posting a slim profit the previous year. R3 spokespeople say the company is in good health at the group level.

The post R3 says it’s in a ‘very strong cash position’ despite UK entity losses in 2019 appeared first on The Block.

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FATF Needs Entirely New Approach to Regulating Crypto, Says V20 Summit

Industry players at the Virtual Asset Service Providers Summit urged regulators to rethink their approach in light of DeFi and DEXs.

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What the History of Airlines Tells Us About Blockchain Commerce

The ability to represent all industrial capacity as tokens on a blockchain will have huge implications for resource use, says our columnist.

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‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan

The JPMorgan Chase CEO said its only a matter of time before the government moves to regulate bitcoin.

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Lukka teams up with financial services giant IHS Markit to plug crypto data into Wall Street

The partnership allows institutional clients on IHS Markit to access Lukka’s data to price crypto assets and simplify the post-trade and settlement process. 

The post Lukka teams up with financial services giant IHS Markit to plug crypto data into Wall Street appeared first on The Block.

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Dutch Crypto Exchange Adds Extra Verification Measures Citing ‘Disproportionate’ Central Bank Requirements

The exchange said it must now ask users for extra information such as the purpose of bitcoin purchases.

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Crypto security firm Fireblocks raises $30 million in Series B led by Paradigm

Crypto security firm Fireblocks has raised $30 million in Series B funding.

The post Crypto security firm Fireblocks raises $30 million in Series B led by Paradigm appeared first on The Block.

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Ethereum Classic Gets DeFi Treatment With Wrapped ETC

Ethereum Classic wants to play in the decentralized finance (DeFi) space of the blockchain it contentiously forked from in 2016.

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