Robinhood CEO and co-founder Vlad Tenev says that potential rate cuts by the Federal Reserve and two other things are sparking optimism in the crypto space. In a new interview on CNBC Squawk Box, Tenev says that the expected launch of spot market Bitcoin (BTC) exchange-traded funds (ETFs) and the increasing need for an inflation […] source: https://dailyhodl.com/2023/12/06/robinhood-ceo-says-potential-fed-rate-cuts-and-two-additional-catalysts-boosting-crypto-optimisim/

According to official news, Robinhood’s cryptocurrency trading application Robinhood Crypto has now been launched in Nevada, USA, supporting the purchase, sale and transfer of 15 cryptocurrencies.

Zodia Custody, a subsidiary of Standard Chartered Bank and a cryptocurrency custodian, will provide crypto staking services to institutional clients through a partnership with infrastructure provider Blockdaemon, CoinDesk reported.

Digital bank Revolut will start offering crypto staking services to customers in the UK and the European Economic Area (EEA) this week, first planning to support Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and ETH staking, with yields ranging from 2.99% to 11.65%.

Xinhuo Technology announced the launch of a decentralized Staking technical support service - Sinohope Staking. The first phase of the service supports the Cosmos chain, and plans to expand to other mainstream public chains such as Ethereum, EOS, and LINK in the future. Sinohope Staking aims to enable users to quickly and efficiently participate in the decentralized public chain Staking ecosystem. Xinhuo Technology said, "The platform does not handle or hold any customer assets. Customers do not need to host virtual currency assets. By independently deciding to participate and operate, and managing funds by themselves, they can become nodes of many PoS public chains, thereby obtaining stable, Low risk return."

Cryptocurrency custody company BitGo said it has now “provided customers with the first and only Avalanche staking solution from qualified custody.” Users only need to enter the BitGo wallet dashboard and create an AVAX wallet to participate in AVAX staking.

Crypto exchange BitMEX has announced the launch of a new type of cryptocurrency derivatives, the Ethereum Pledged Yield Swap (ETHYLD), which allows users to trade daily ETH pledged yields with 2x leverage. Traders can "swap" the variable returns generated by staking Ethereum on Lido (ie floating rate) for a fixed rate (ie fixed rate) and vice versa.

Robinhood, a stock and cryptocurrency trading platform, issued a statement saying, "The company does not lend or leverage cryptocurrencies, and customer assets are completely isolated from any company activities. Cryptocurrencies are part of our business. Our balance sheet is strong and there is no Debt and has $6 billion in cash. We have multiple trading venues, are regularly audited, and have strong risk controls. Settled cryptocurrencies are kept by us, not by any third party. Customers' cryptocurrencies are kept in In cold wallets, some are stored in hot storage to support day-to-day operations. Crypto deposits and withdrawals are available as usual, transfers typically take a few minutes, but can take up to 24 hours if flagged for manual risk review. We provide 100% compensation for direct losses caused by unauthorized activities in user accounts."

Chicago options trading platform Cboe Global Markets is bringing in multiple shareholders to help grow its digital asset business, Blockworks reported. Stakeholders planned to be introduced include B2C2, DRW, GSR, Hidden Road, IMC, Interactive Brokers, Jane Street, Jump Crypto, Optiver, Robinhood, tastetrade, and Virtu Financial, and Cboe plans to form a digital advisory board composed of partner firms.