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Robinhood launches DeFi wallet to rival Metamask

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Robinhood is taking the plunge in the nascent world of web3, launching a new wallet application that allows customers to access non-fungible token markets, decentralized exchanges and swap tokens.  The new wallet will be a standalone application from Robinhood’s existing stock and crypto platform and function similarly to other non-custodial wallets like MetaMask, the US brokerage announced at crypto conference Permissionless on Tuesday. Still, Robinhood is hoping that the sleek and intuitive design of its new app will make engaging …

Robinhood announces layoffs ahead of first-quarter earnings release

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Brokerage app company Robinhood has laid off “approximately 9%” of its global staff, according to a blog post from the firm’s CEO Vlad Tenev. In the post, Tenev cited a period of significant headcount growth that resulted in “some duplicate roles and job functions, and more layers and complexity than are optimal.” “After carefully considering all these factors, we determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency, increase our velocity, and ensure that …