{"id":1763,"date":"2021-12-14T21:36:28","date_gmt":"2021-12-14T21:36:28","guid":{"rendered":"http:\/\/egrowonline.com\/?p=1763"},"modified":"2021-12-14T21:36:28","modified_gmt":"2021-12-14T21:36:28","slug":"robinhood-hood-acquires-crypto-platform-cove-markets","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=1763","title":{"rendered":"Robinhood (HOOD) acquires crypto platform Cove Markets"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<hr \/>\n<p><i>News and research before you hear about it on CNBC and others.  Claim your 1-week free trial to <b>StreetInsider Premium<\/b> <a target=\"_blank\" href=\"https:\/\/try.streetinsider.com\/task-check\/\" rel=\"noopener\">here<\/a>.<\/i><\/p>\n<hr \/>\n<p>Robinhood (NASDAQ: <a target=\"_blank\" href=\"https:\/\/www.streetinsider.com\/\/stock_lookup.php?q=HOOD\" rel=\"noopener\">HOOD<\/a>) acquires crypto platform Cove Markets.<\/p>\n<p>From the company:<\/p>\n<p>We\u2019re excited to share that Cove Markets is joining Robinhood. Cove Markets Inc. is a cross-exchange trading platform that makes it easier for people to manage their crypto accounts. As part of the acquisition, co-founders Scott Knudsen and Victor Glava, as well as the Cove Markets team, will join the Robinhood crypto team. <\/p>\n<p>Robinhood and Cove Markets share a common goal of making investing in cryptocurrencies simpler and lower cost. With the Cove Markets team on board, we\u2019ll continue building a world-class crypto trading platform. The team will also help ensure our customers get the best trade execution in the crypto market. <\/p>\n<p>\u201cWe started Cove Markets three years ago to help crypto investors get the most out of their trading experience,\u201d said Scott Knudsen, CEO and Co-Founder of Cove Markets. \u201cNow, we are excited to join Robinhood to help build a world-class platform that can improve trading for millions of customers.\u201d<\/p>\n<p>\u201cScott, Victor and the Cove Markets team will bolster our crypto trading platform and help us strengthen our leadership in the crypto industry,\u201d said Christine Brown, Chief Operating Officer of Robinhood Crypto. \u201cTheir wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits of better competition in the crypto markets to our customers.\u201d<\/p>\n<p>Since launching Robinhood Crypto in 2018, we\u2019ve worked hard to make crypto more accessible and easier to understand, all while continuing to offer zero-commission fees. Blockchain and cryptocurrencies were created to decentralize finance and return power to the people\u2014which align perfectly with our mission to democratize finance for all. We\u2019re actively hiring for our crypto team across our U.S. offices, as well as remote locations\u2014check out our open roles.<\/p>\n<\/div>\n<p>window.fbAsyncInit = function() {<br \/>\n\tFB.init({<br \/>\n\t\tappId      : &#8216;415409898518774&#8217;, \/\/ App ID<br \/>\n\t\tchannelUrl : &#8216;\/\/www.streetinsider.com\/fbchannel.php&#8217;, \/\/ Channel File<br \/>\n\t\tstatus     : true, \/\/ check login status<br \/>\n\t\tcookie     : true, \/\/ enable cookies to allow the server to access the session<br \/>\n\t\txfbml      : true,  \/\/ parse XFBML<br \/>\n\t\toauth      : true,<br \/>\n\t\tversion    : &#8216;v2.5&#8217;<br \/>\n\t});<\/p>\n<p>\t\/\/ Additional initialization code here<br \/>\n\tFB.Event.subscribe(&#8216;auth.statusChange&#8217;, function(response) {<br \/>\n\t\tif ( response.status == &#8216;connected&#8217; ) {<br \/>\n\t\t\tif ( window.fbLoginCallback ) {<br \/>\n\t\t\t\twindow.fbLoginCallback.call(window, response);<br \/>\n\t\t\t}<br \/>\n\t\t}<br \/>\n\t});<\/p>\n<p>\tFB.Event.subscribe(&#8216;edge.create&#8217;, function(e) {<br \/>\n\t\tif ( window.onFbLike ) {<br \/>\n\t\t\twindow.onFbLike();<br \/>\n\t\t}<br \/>\n\t});<br \/>\n};<\/p>\n<p>\/\/ Load the SDK Asynchronously<br \/>\n(function(d){<br \/>\nvar js, id = &#8216;facebook-jssdk&#8217;, ref = d.getElementsByTagName(&#8216;script&#8217;)[0];<br \/>\nif (d.getElementById(id)) {return;}<br \/>\njs = d.createElement(&#8216;script&#8217;); js.id = id; js.async = true; js.defer = true;<br \/>\njs.src = &#8220;https:\/\/connect.facebook.net\/en_US\/all.js&#8221;;<br \/>\nref.parentNode.insertBefore(js, ref);<br \/>\n}(document));<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.streetinsider.com\/Corporate+News\/Robinhood+%28HOOD%29+acquires+crypto+platform+Cove+Markets\/19350122.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Robinhood (NASDAQ: HOOD) acquires crypto platform Cove Markets. From the company: We\u2019re excited to share that Cove Markets is joining Robinhood. Cove Markets Inc. is a cross-exchange trading platform that makes it easier for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[40],"tags":[1746,1747,62,1745,89,487,381],"class_list":["post-1763","post","type-post","status-publish","format-standard","hentry","category-market-analysis","tag-acquires","tag-cove","tag-crypto","tag-hood","tag-markets","tag-platform","tag-robinhood"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1763"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1763\/revisions"}],"predecessor-version":[{"id":1764,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1763\/revisions\/1764"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1763"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}