Rumours Says Robinhood is in talk with Uniswap amid Robinhood IPOs
Robinhood finally launched its initial public offering after market open on 29 July with a rate of $38/HOOD.
After lots of problems by FINRA & SEC, finally Robinhood is almost 100% ready to go public. A rumour is spreading in the Crypto community that Robinhood is looking for some kind of partnership with Uniswap. Rumours was based on a video.
Related: $10 Million Fine Against Robinhood To Violate AML Law
In a Wednesday press release, Robinhood announced that their IPO is going live on 29 July when the market will open ( at the present time market is open). And there will be a total 55 million shares of Class A common shares at rate $38 per HOOD.
In the present time, the early access to buy the shares of Robinhood is available at their own trading app. And it is attracting lots of institutional Investors to buy HOOD shares. But on the other side, retail traders are showing lack of interest in Robinhood’s IPO, probably this may be due to the controversies that Robinhood firm faced this year.
A video was spreading in the crypto community which was giving indication that Uniswap may bring partnership with Robinhood. Video was part of last week’s Ethereum Community Conference presentation ( now deleted). In a part of video, Ashleigh Schap who is a lead of Uniswap Lab Growth said
“One of the cool things that we’ve actually been talking about with them [Robinhood] is a way to use Uniswap to automatically settle a trade for example right when it happens with the user.”
After the rumours that was getting much attention, Uniswap Labs COO Mary-Catherine Lader stated
“Uniswap has no current relationship with Robinhood.”
Read also: Huge Down Fall In Crypto Users & Crypto Transactions In South Korea
