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Trading App Robinhood collects 323 million U.S. dollars

The Trading platform, Robinhood collects in a Series E Funding round of 323 million US dollars. Thus, the company is valued at 7.6 billion US dollars. The money

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Trading App Robinhood collects 323 million U.S. dollars

The Trading platform, Robinhood collects in a Series E Funding round of 323 million US dollars. Thus, the company is valued at 7.6 billion US dollars. The money will also be used in the Development of crypto-business, this is now already in 30 US States available.

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23. July 2019BTC$9.981,00 -5.08%part Facebook Twitter LinkedIn xing mail

can The Silicon Valley company Robinhood about a veritable financial injection. As the Start-up on 22. July, has announced that invest Venture capital investors such as DST Global, Ribbit Capital, NEA, Sequioa and Thrive Captial a total of 323 million US dollars.

We are pleased to announce a 323 million U.S. dollars in Series E funding at a valuation of 7.6 billion dollars. These funds will be used for our Mission to democratise our financial system for all.

writes Like Robinhood, however, on Twitter, to flow the funds in the Expansion of the Trading infrastructure.

We will use the funds to pursue our Mission of democratizing Finance for all,

it is part of the company.

Expansion of Robinhood Crypto

Furthermore, the talk of Expansion plans for the cryptographic division of the platform in other US is in the press release States. Currently Robinhood Crypto is in 30 States, including New York. Thus, companies may offer in the state on the East coast of the United States, cryptographic services, you must first get hold of a so-called BitLicense, this is managed Robinhood in may of this year.

Robinhood, however, is particularly popular among small investors. Finally, the company is charged for Trades with no fee. In addition to classic investments such as stocks, investors can participate in the crypto-market. Currently, Bitcoin, Ethereum, Bitcoin, Cash, Ethereum Classic, Litecoin and Dogecoin on the Trading platform, tradable.

Robinhood plans to IPO

meanwhile, the company is still working on its IPO.

to be A stock fit, in my opinion, very well to our Mission. And it is definitely on the horizon, not in the short term, but this is something we can think about,

CEO Baiju Bhatt extreme in front of about a year. In September 2018 Robinhood initiated the approval of its IPO.

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