US Lawmakers Looking Into China’s Role in GameStop Pump: Report
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.
The platform says it has experienced a 1,400% increase in the average monthly user sign-ups this year compared to the previous year.
The GameStop saga highlighted the "middleman" issues with services like Robinhood. But the data shows crypto exchanges have their own problems.
FINRA, the SEC and the New York Attorney General’s Office are all making enquiries with the trading app provider.
Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?
Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts.