Robinhood, the monetary providers platform famend
for pioneering commission-free inventory buying and selling, has been chosen by the
Washington Wizards because the official brokerage and jersey sponsorship associate.
This multi-year settlement signifies Robinhood’s first foray into the NBA
sporting world.
The collaboration will see Robinhood’s emblem
displayed on the Wizards’ residence and away jerseys, ranging from the 2023-24 NBA
season. This step goals to introduce Robinhood to the fan base of the NBA
sporting group.
Baiju Bhatt, the Chief Artistic Officer and
Co-Founding father of Robinhood Markets mentioned in an official assertion: “Robinhood
is proud to affix with the Wizards and present the District what our prospects
already know, Robinhood offers you the instruments and confidence to put money into a method
that is best for you.”
Starting with the Wizards’ sport in opposition to the Indiana
Pacers on October 25, 2023, and increasing by the 2025-26 season,
Robinhood’s emblem will adorn the higher left shoulder of all Wizards’ jerseys.
Followers will get their first have a look at these new jerseys in the course of the opening sport at
Capital One Enviornment on October 28.
The partnership shall be formally celebrated with a
particular ceremony in the course of the first quarter break, and followers in attendance will
obtain a free Wizards x Robinhood branded t-shirt.
We rep The District on our chests, and now, we are going to rep @Robinhoodapp on our hearts. 🤝 pic.twitter.com/EVrL2TmL4I
— Washington Wizards (@WashWizards) October 23, 2023
Though Robinhood is increasing its partnership in
the sporting sector, the platform is grappling with regulatory challenges in
the US. In August, the corporate ended its partnership with Soar Buying and selling.
Soar Buying and selling was the pioneering firm to assist
Robinhood’s entry into cryptocurrency markets in 2018. It was an
early adopter of digital belongings with a historical past of involvement in digital belongings
relationship again to a minimum of 2017. Nevertheless, Soar Buying and selling just lately pulled again from
buying and selling cryptocurrencies within the US.
Increasing Companies amid Regulatory Challenges
This shift follows an in depth regulatory crackdown
within the crypto business, which has prompted a number of main market makers to
rethink their involvement. Notably, Jane Avenue Group, one other vital
market maker, introduced in August that it was scaling again its presence within the
US crypto market.
Regardless of the regulatory hurdles, Robinhood is
increasing its services and products. In July, the brokerage agency introduced that
it was providing its customers 24-hour market buying and selling entry. This service is
designed to cater to a rising demographic of younger, on-the-go buyers who
worth the pliability of buying and selling at any time and from anyplace.
Robinhood, the monetary providers platform famend
for pioneering commission-free inventory buying and selling, has been chosen by the
Washington Wizards because the official brokerage and jersey sponsorship associate.
This multi-year settlement signifies Robinhood’s first foray into the NBA
sporting world.
The collaboration will see Robinhood’s emblem
displayed on the Wizards’ residence and away jerseys, ranging from the 2023-24 NBA
season. This step goals to introduce Robinhood to the fan base of the NBA
sporting group.
Baiju Bhatt, the Chief Artistic Officer and
Co-Founding father of Robinhood Markets mentioned in an official assertion: “Robinhood
is proud to affix with the Wizards and present the District what our prospects
already know, Robinhood offers you the instruments and confidence to put money into a method
that is best for you.”
Starting with the Wizards’ sport in opposition to the Indiana
Pacers on October 25, 2023, and increasing by the 2025-26 season,
Robinhood’s emblem will adorn the higher left shoulder of all Wizards’ jerseys.
Followers will get their first have a look at these new jerseys in the course of the opening sport at
Capital One Enviornment on October 28.
The partnership shall be formally celebrated with a
particular ceremony in the course of the first quarter break, and followers in attendance will
obtain a free Wizards x Robinhood branded t-shirt.
We rep The District on our chests, and now, we are going to rep @Robinhoodapp on our hearts. 🤝 pic.twitter.com/EVrL2TmL4I
— Washington Wizards (@WashWizards) October 23, 2023
Though Robinhood is increasing its partnership in
the sporting sector, the platform is grappling with regulatory challenges in
the US. In August, the corporate ended its partnership with Soar Buying and selling.
Soar Buying and selling was the pioneering firm to assist
Robinhood’s entry into cryptocurrency markets in 2018. It was an
early adopter of digital belongings with a historical past of involvement in digital belongings
relationship again to a minimum of 2017. Nevertheless, Soar Buying and selling just lately pulled again from
buying and selling cryptocurrencies within the US.
Increasing Companies amid Regulatory Challenges
This shift follows an in depth regulatory crackdown
within the crypto business, which has prompted a number of main market makers to
rethink their involvement. Notably, Jane Avenue Group, one other vital
market maker, introduced in August that it was scaling again its presence within the
US crypto market.
Regardless of the regulatory hurdles, Robinhood is
increasing its services and products. In July, the brokerage agency introduced that
it was providing its customers 24-hour market buying and selling entry. This service is
designed to cater to a rising demographic of younger, on-the-go buyers who
worth the pliability of buying and selling at any time and from anyplace.
