Robinhood Snaps Up Crypto Trading Platform Cove Markets — Report

Robinhood Snaps Up Crypto Trading Platform Cove Markets — Report

Financial services company Robinhood Markets, Inc. (HOOD) has acquired Cove Markets, a crypto trading platform, for an undisclosed amount, a report published by CoinDesk.com said, citing a blog post by Robinhood.

Headquartered in Chicago, Cove Markets provides tools to help users manage their crypto accounts and build their portfolios.

California-based Robinhood operates a mobile app to offer users commission-free trades of stocks, exchange-traded funds and cryptocurrencies.