Robinhood rises across Caesar, join the S&P 500 after increasing the encryption

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Robinhood rises via Caesar, and joins the S&P 500 after increasing encryption. RobinHood logo with American flags and long financial area buildings in the background.

Robinhood markets are about to Join S&P 500 After reaching profitability and hitting a standard share price thanks to the boom in encrypted currencies. At the same time, Caesar entertainment It is dropped from the index.

Starting on September 22, Robinhood will be added to the Benchmark index along with Applovin, the mobile phone technology platform, and the EMCOR group, a construction company.

In response to the news, the CEO of the company and co-founder, Vlad Teenv, wrote on X: “It is an exciting milestone that Robinhood joins the S&P 500 Storied Index. I will share what I told the team today-we don’t stop celebrating, our only focus continues to build exceptional products for our customers.”

Robinhood S & P 500 shows recovery after years of fluctuation

Robinhood has one of its strongest years since its launch in 2021, after a approximate start. On the first day of trading, the stock closed less than the public subscription price of $ 38 and remained volatile for years, ending 2023 at only $ 12.74.

Things look very different now. The stock has already doubled three times in 2025, when it was traded above $ 100 per share, in addition to a significant increase in 2024. This happened even when the company faces Claims from many gaming organizers In the United States, who accuse it of offering unauthorized sports. Nevertheless, Robinhood has been launched recently Professional Football Prediction Markets and Football College The right to apply it.

Another big driver was to increase interest in the encrypted currency, with the support of a more relaxed organizational environment. The company has gained the government’s lighter coding approach during President Donald Trump’s position in his post. Earlier this year, SEC closed the investigation of whether Robinhood failed to register some encryption assets as securities and chose not to take any action.

Robinhood also has a history with another market madness. In 2021, it was in the middle of the original “Meme Stock” madness about Gamestop and AMC. The company ended in the company to temporarily restrict trading in those names, as tensions erupted between the online retailers and the old founding players.

Distinguished Image: Robinhood / Canva

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