Robinhood Exchange Backs New Coins

  • Yuri Molchan
    📰 News

    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

Robinhood Exchange Backs New Coins
Cover image via u.today

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.

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About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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