Aloha, crypto fans! Robinhood is spreading its wings to Hawaii, Puerto Rico, and the U.S. Virgin Islands. Thanks to a regulatory shift by Hawaii's Department of Commerce and Consumer Affairs, cryptocurrency services no longer need a money transmitter license to operate in the state. This is a big deal, as Hawaii has one of the strictest financial regulatory climates in the U.S.

In other news, Robinhood might use Bitstamp's regulatory licenses to offer crypto futures trading to customers in the U.S. and Europe. The $200 million acquisition deal is expected to close in 2025. This move is in response to increased client demand for crypto products.

Despite its popularity for commission-free trading, Robinhood still faces controversy over allegations of market manipulation during the 2021 meme craze. The platform is nearing a settlement with the plaintiffs, but the details remain undisclosed. Stay tuned for more updates!