Crypto trading platform Robinhood has agreed to pay a $3.9 million fine as part of a settlement related to complaints filed several years ago by its customers. The penalty also comes with stricter behavioral requirements for the company going forward.

The investigation into Robinhood was sparked by consumer complaints about questionable practices within their crypto division.
Robinhood Mandatory Paying Rp6 T to Customers
California Attorney General Rob Bonta announced in a press release on Wednesday (4/9) that Robinhood would pay a fine for its actions in restricting customers' access to its crypto assets between 2018 and 2022. In addition, Robinhood failed to provide important details regarding its trading practices and order handling.

Bernstein has initiated coverage of the trading platform Robinhood (HOOD) with an outperform rating and a target price of $30.
The brokerage firm predicts that the total market capitalization of cryptocurrencies will nearly triple by 2025, reaching $7.5 trillion.
It stated that the managed assets of bitcoin spot ETFs could climb to $300 billion by 2025.
Bernstein initiated coverage of Robinhood's stock (HOOD) with an above-average rating and a price target of $30, citing the massive potential for growth due to a huge crypto cycle, as stated in its Thursday research note.
"We expect the total market cap of cryptocurrencies to reach $7.5 trillion by 2025 compared to today's $2.6 trillion, which should mean a ninefold increase in Robinhood's crypto revenues," the report says. The company announced that the volume of cryptocurrency trading on its platform increased by 10% in February from January.
Bernstein expects the market capitalization of Bitcoin (BTC) to reach $3 trillion by 2025, Ethereum (ETH) to $1.8 trillion, and other leading blockchain tokens to collectively hit $1.4 trillion.
"We believe the crypto market is in the midst of unprecedented institutional adoption," wrote analysts Gautam Chhugani and Mahika Sapra. The managed assets of spot Bitcoin exchange-traded funds (ETFs) could rise to $300 billion by 2025. Ether ETFs are expected to be available within 12 months.
The brokerage views Robinhood as a two-year cyclical trade, "which aligns with the bend in crypto-driven revenues in 2024-25."
Robinhood's stock price increased by more than 10% in after-hours trading.
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Is XRP the Next Big Addition to Robinhood Crypto Transfers After XLM?
Robinhood Crypto EU has added Stellar (XLM) to its crypto transfer service for European users. While XLM experienced a slight price drop, derivatives buying increased. Speculation is growing around the potential addition of XRP to the platform.

What's the News?
On October 23, 2024, Robinhood Crypto EU announced that Stellar (XLM) is now among the cryptocurrencies supported for transfers on its platform. Users in the European region can now withdraw and deposit XLM, benefiting from a 1% deposit bonus for a limited time. 
This addition brings the total number of cryptocurrencies available for transfers to over 25, including Bitcoin,  Ethereum, Solana, and USDC. The platform offers users control over their assets, security through crime insurance, and access to educational programs.
This announcement came shortly after the addition of Solana (SOL) to Robinhood's crypto transfers, amid growing excitement around the upcoming Solana ETF launch. 
Similarly, the crypto community is buzzing with speculation about a possible XRP ETF launch, which could lead to the inclusion of Ripple’s XRP in Robinhood’s transfer service. 
Currently, XRP is available for trading only on Robinhood's EU platform, but it remains excluded from the crypto transfers feature. Despite the positive news, Stellar's (XLM) price did not see an immediate rebound. 
Robinhood’s move to expand its crypto transfer options aligns with its mission to simplify self-custody and provide easier access to decentralized finance (DeFi) for European customers. As speculation mounts about the potential addition of XRP to the service, traders and investors are watching closely for future updates.
Conclusion 
Robinhood Crypto inclusion of XLM in its transfer service signals expansion, although the price of XLM continues to dip. With XRP being a likely candidate for future inclusion, Robinhood’s efforts to enhance crypto access in Europe are closely monitored.

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