Broker Robinhood launched crypto trading in Hawaii, Virgin Islands and Puerto Rico

Thus, cryptocurrency trading on the Robinhood Crypto platform became available throughout the United States, according to the official X-account. In Q1 2024, crypto trading volumes on Robinhood grew by 224% to $36 billion. In May, the broker launched localized apps and native blockchain token stacking service Solana (SOL) in Europe.

That same month, the company announced a $1 billion buyback of its own securities from shareholders as it grew its business and cash flow.

Shares of Robinhood under the ticker HOOD are trading at $22.6 on the Nasdaq, having lost 0.83% overnight. Monthly growth amounted to 2.97%, while the value of the securities has risen 77% since the beginning of the year.

On July 1, Robinhood announced the acquisition of Pluto Capital, an artificial intelligence-based analytics platform that offers customized investment strategies.

Pluto also provides a variety of real-time data, including news articles, stock prices, company financial reports, and filings with the U.S. Securities and Exchange Commission (SEC). The platform's functionality will become available to Robinhood users through the integration.