Robinhood Expands Commission-Free Trading

Robinhood expanded to more states opening a zero charge trading to investors in California, Massachusetts, Missouri, and Montana
03 April 2018   948

Robinhood is promoting the idea that a technology-driven brokerage could operate with significantly less overhead as it cuts out the charges that make other brokerages costly. It has reported recently that it is making a commission-free Bitcoin and Ethereum trading available to investors in California, Massachusetts, Missouri, and Montana.

Robinhood twitterRobinhood announcement on Twitter

The users were pretty amused by the news and started asking about the same services in other states like Texas, New York, Chicago, but the exchange did not make any official statements regarding other states yet, although there is sure a possibility that Robinhood will expand its services further.

It is worth reminding that in February the exchange tweeted that it started to gradually send invites to customers residing in CA, MA, MO, MT, NH, lookingforward to releasing crypto trading functionality in more states later. In the meantime, the users can monitor market data for 16 cryptocurrencies and add them to the watchlist.

Qu Capital to be Acquired by the Genesis

Qu Capital was applicating the “state-of-the-art statistical techniques” to identify and trade inefficiencies across asset classes
20 September 2019   73

OTC cryptocurrency trading service Genesis Global Trading acquired the analytical firm Qu Capital.

Genesis will add Qu Capital's tools, including machine learning algorithm and other technologies, to existing products and new offerings, reports The Block.

This acquisition is the latest effort to bolster our technology capabilities and intellectual firepower in order to better serve clients in an increasingly competitive marketplace.
 

Michael Moro
CEO, Genesis

Qu Capital was engaged in the application of “state-of-the-art statistical techniques” to identify and trade inefficiencies across asset classes.

The deal was the first acquisition of Genesis. The company does not disclose its terms