Robinhood Markets Inc. said that regulatory intervention in cryptocurrency trading, and in a payment arrangement between brokerages and trading firms, could pose risks to its business.
The Menlo Park, California-based brokerage cited the risks Friday in an amended filing, seeking to speed up approval for a previously announced shareholder stock sale. The firm pointed to comments by Securities and Exchange Commission Chair Gary Gensler on recent projects the agency is undertaking, including reviewing a system called payment for order flow that accounts for a significant slice of Robinhood’s revenue, and evaluating digital currency markets.
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October 09, 2021 at 06:13AM
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Robinhood Sees Crypto, Order Flow Payment Risks in Filing Update - Bloomberg
"flow" - Google News
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