Robinhood Exchange Backs New Coins

Thu, 08/16/2018 - 08:05

Coins listed at trading service Swarm give users a legal way to buy shares of the Robinhood app that trades crypto, even though the latter doesn't plan to sell securities

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The coins listed by Swarm, working in the sphere of crypto trading, give users a legal way to buy shares of the Robinhood app that trades crypto. Even though the latter does not plan to sell their securities, Swarm, reportedly, has found a way to use its shares.

They achieved this by making deals with brokers– the startup got access to the shares belonging to ex-Robinhood workers who wish to sell them. Swarm claims it does not need Robinhood’s permission to do that.

The Robinhood app team, reportedly, has never heard of Swarm and its plans.

About the author

Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.