Robinhood shares up 8% after launching betting markets hub

Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. 

Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance.

The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it said

HOOD’s intraday performance on the Nasdaq on March 17. Source: Google Finance

The online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. 

Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie

Read More at https://cointelegraph.com/news/robinhood-launches-betting-markets-hub?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742281287778&utm_campaign=rss_partner_inbound

Robinhood shares up 8% after launching betting markets hub

Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. 

Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance.

The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it said

HOOD’s intraday performance on the Nasdaq on March 17. Source: Google Finance

The online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. 

Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie

Read More at https://cointelegraph.com/news/robinhood-launches-betting-markets-hub?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742277644138&utm_campaign=rss_partner_inbound

Robinhood shares up 8% after launching betting markets hub

Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. 

Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance.

The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it said

HOOD’s intraday performance on the Nasdaq on March 17. Source: Google Finance

The online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. 

Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie

Read More at https://cointelegraph.com/news/robinhood-launches-betting-markets-hub?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742248965663&utm_campaign=rss_partner_inbound

Robinhood shares up 8% after launching betting markets hub

Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. 

Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance.

The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it said

HOOD’s intraday performance on the Nasdaq on March 17. Source: Google Finance

The online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. 

Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie

Read More at https://cointelegraph.com/news/robinhood-launches-betting-markets-hub?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742245286491&utm_campaign=rss_partner_inbound

Robinhood shares up 8% after launching betting markets hub

Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. 

Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance.

The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it said

HOOD’s intraday performance on the Nasdaq on March 17. Source: Google Finance

The online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. 

Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie

Read More at https://cointelegraph.com/news/robinhood-launches-betting-markets-hub?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ripple files trademark application for custody service, wallet

Ripple Labs has filed a trademark application for the word mark “Ripple Custody,” indicating that the company behind the XRP (XRP) token is considering expanding its brand in the crypto custody space.

The filing notes four use cases for the word mark, including one that reads “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency […] for financial management purposes.”

Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The demand for custody services has grown significantly in recent years, especially following the approval of exchange-traded funds (ETFs) in the US in 2024. Major players in this space include Coinbase, Citi and BNY Mellon, among others.

Screenshot of Ripple Labs’ trademark application. Source: <a data-ct-non-breakable="null" href="https://trademark.justia.com/990/56/ripple-99056495.html" rel="nofollow

Read More at https://cointelegraph.com/news/ripple-files-trademark-application-custody-service-wallet?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742299378993&utm_campaign=rss_partner_inbound

Ripple files trademark application for custody service, wallet

Ripple Labs has filed a trademark application for the word mark “Ripple Custody,” indicating that the company behind the XRP (XRP) token is considering expanding its brand in the crypto custody space.

The filing notes four use cases for the word mark, including one that reads “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency […] for financial management purposes.”

Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The demand for custody services has grown significantly in recent years, especially following the approval of exchange-traded funds (ETFs) in the US in 2024. Major players in this space include Coinbase, Citi and BNY Mellon, among others.

Screenshot of Ripple Labs’ trademark application. Source: <a data-ct-non-breakable="null" href="https://trademark.justia.com/990/56/ripple-99056495.html" rel="nofollow

Read More at https://cointelegraph.com/news/ripple-files-trademark-application-custody-service-wallet?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742284683293&utm_campaign=rss_partner_inbound

Ripple files trademark application for custody service, wallet

Ripple Labs has filed a trademark application for the word mark “Ripple Custody,” indicating that the company behind the XRP (XRP) token is considering expanding its brand in the crypto custody space.

The filing notes four use cases for the word mark, including one that reads “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency […] for financial management purposes.”

Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The demand for custody services has grown significantly in recent years, especially following the approval of exchange-traded funds (ETFs) in the US in 2024. Major players in this space include Coinbase, Citi and BNY Mellon, among others.

Screenshot of Ripple Labs’ trademark application. Source: <a data-ct-non-breakable="null" href="https://trademark.justia.com/990/56/ripple-99056495.html" rel="nofollow

Read More at https://cointelegraph.com/news/ripple-files-trademark-application-custody-service-wallet?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742281287778&utm_campaign=rss_partner_inbound

Ripple files trademark application for custody service, wallet

Ripple Labs has filed a trademark application for the word mark “Ripple Custody,” indicating that the company behind the XRP (XRP) token is considering expanding its brand in the crypto custody space.

The filing notes four use cases for the word mark, including one that reads “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency […] for financial management purposes.”

Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The demand for custody services has grown significantly in recent years, especially following the approval of exchange-traded funds (ETFs) in the US in 2024. Major players in this space include Coinbase, Citi and BNY Mellon, among others.

Screenshot of Ripple Labs’ trademark application. Source: <a data-ct-non-breakable="null" href="https://trademark.justia.com/990/56/ripple-99056495.html" rel="nofollow

Read More at https://cointelegraph.com/news/ripple-files-trademark-application-custody-service-wallet?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742277644138&utm_campaign=rss_partner_inbound

Ripple files trademark application for custody service, wallet

Ripple Labs has filed a trademark application for the word mark “Ripple Custody,” indicating that the company behind the XRP (XRP) token is considering expanding its brand in the crypto custody space.

The filing notes four use cases for the word mark, including one that reads “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency […] for financial management purposes.”

Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The demand for custody services has grown significantly in recent years, especially following the approval of exchange-traded funds (ETFs) in the US in 2024. Major players in this space include Coinbase, Citi and BNY Mellon, among others.

Screenshot of Ripple Labs’ trademark application. Source: <a data-ct-non-breakable="null" href="https://trademark.justia.com/990/56/ripple-99056495.html" rel="nofollow

Read More at https://cointelegraph.com/news/ripple-files-trademark-application-custody-service-wallet?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742248965663&utm_campaign=rss_partner_inbound