Canada’s Wealthsimple aims for real-world cryptocurrency use as it looks beyond trading

TORONTO, Jan. 31 (Reuters) – Canadian online broker Wealthsimple wants to chart a future that enables the actual use of cryptocurrencies rather than just facilitating trading, but it will likely encounter unexpected costs and uncertain regulatory terrain along the way. Wealthsimple was launched in 2014 as a stock trading platform and currently has C$15 billion … Read more

Analysis: Robinhood shares stumble as trading frenzy wanes, regulators circle

Jan 27 (Reuters) – Robinhood Markets Inc (HOOD.O) became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop and other “meme stocks” into the stratosphere, but name recognition has not helped its share price lately. “The market is not being very patient … Read more

Analysis: Will the games stop? SEC mulls crackdown on trading apps

WASHINGTON, Jan. 26 (Reuters) – A year after the “share meme” rally that humbled hedge funds and rattled Wall Street, U.S. regulators are studying ways to crack down on psychic routers used by Robinhood Inc (HOOD.O) and others. From companies without commissions. Brokers to promote stock trading frequently on smartphone applications. The Securities and Exchange … Read more

British digital banking app Revolut launches U.S. stock trading

A trader watches his chart as he works on the floor of the New York Stock Exchange on July 8, 2014. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register (Reuters) – Britain-based digital banking app Revolut launched commission-free stock trading in the United States on Wednesday, in a move that will … Read more