DFSRegulated
United States Crypto Asset Exchange License (CEX)
Main Affected Regions
United States Crypto Asset Exchange License (CEX)
United States Crypto Asset Transfer License (MTL)
Lithuania Crypto Asset Trading License (STP)
Robinhood means Robinhood Markets and its in-application and web experiences with its family of wholly owned subsidiaries which includes Robinhood Financial, Robinhood Securities, and Robinhood Crypto.
Introduction: A “Self-Destructing” Second-Largest Korean Exchange In the first 40 episodes, we dug into a series of exchanges ranging from HashKey to XT.com. Today, in Episode 41, were looking at a “self-destructing player” — Bithumb. On paper, Bithumb‘s resume in the Korean market looks like a textbook example of a “top-tier compliant platform”: founded in 2014, South Korea’s second-largest crypto exchange, approximately 22.3% market share, a VASP-licensed exchange approved by the Financial Intelligence Unit (FIU), a real-name banking partnership with KB Kookmin Bank, and even a previous plan for an IPO. Sounds like the perfect profile of a leading regulated Korean exchange, right? But on the other side of the story: On February 6, 2026, Bithumb accidentally distributed 620,000 BTC to 695 users due to an employee operational error — a mistake involving more than $40 billion worth of Bitcoin, about 15 times the amount of BTC actually held by the platform. Bithumb CEO Lee Jae-won admitted during a parliamentary hearing that the companys “internal control system had serious deficiencies.” The FIU accused Bithumb of approximately 6.65 million regulatory violations, imposed a fine of 36.8 billion Korean won (around $27 million), and issued a six-month “partial business suspension” sanction. In the first half of 2026, Bithumb recorded

Robinhood Chain, the popular Layer-2 blockchain tailor-made for tokenized real-world financial assets, is evaluating a transaction-ordering system that would allow users to pay a fee to prioritize certain trades, according to a person familiar with the matter. The technology is being developed by Arbitrum, which provides the infrastructure behind Robinhood Chain. The system, which isnt affiliated with the chain, had been offering a paid-for transaction-ordering technology called “Timeboost” that gives users a priority-sequencing advantage in the form of a 200-millisecond head start. However, on September 24, Arbitrum replaced its Timeboost transaction-ordering system with a new model, Priority Gas Auctions, that allows traders to pay higher fees to have individual transactions processed ahead of others. It is this newer version of the tech that Robinhood Chain is understood to be evaluating, the person said, under the condition of anonymity because the matter is private. Currently, Robinhood Chain uses a first-come, first-served transaction ordering policy and has not availed itself of Arbitrums original Timeboost application. Since launching its Ethereum-compatible network back in July, Robinhood Chain has surged in popularity, entering the top 10 list of blockchains ranked by total locked value. Robinhoods traditional brokerage business, which is now melding with a 24/7 onchain model for distributing tokenized
Bitcoin $BTC$83,900.87 traded at $83,164 in the European morning, down 0.57% since midnight UTC while the rest of the crypto market was mixed, with 50 constituents of the CoinDesk 100 higher and 50 lower. The 24-hour pictures is weaker as bitcoin lost around 1%, falling from a peak of $84,400 during Tuesdays U.S. session. The CoinDesk DeFi index (DFX) fell 2.3%, the worst performance in the index family, as aave AAVE$160.60 retreated 4.4% after leading Tuesdays gains with an 11% jump. Traditional markets were firmer, with Ss crypto selloff. No obvious catalyst is behind the mornings drift. Attention is turning to the U.S. personal consumption expenditures (PCE) price index, the Feds preferred inflation gauge, due before the Wall Street open, with Micron earnings after the close. Bitcoin has now been in a consolidation pattern since Sept. 21s failed breakout attempt at $87,300. Derivatives positioningLeverage keeps cooling: The market-wide taker long/short volume ratio is balanced for a second day, after sellers had a slight edge two days ago at 46.9% to 53.1%. Liquidations roughly halved to $196 million from yesterdays $389 million. Open interest (OI) slipped to $147 billion from nearly $150 billion two days ago, and volume fell 16.9% to $181 billion, according to