Robinhood gets to $3.9 million negotiation with California over crypto withdrawals

(Reuters) – A cryptocurrency system run by Robinhood Markets will certainly pay $3.9 million for falling short to allow clients take out cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta claimed on Wednesday.

The negotiation with Robinhood Crypto likewise solves cases that the system fell short to totally reveal facets of its trading and order managing setups.

Bonta claimed the civil negotiation notes his workplace’s very first public activity versus a cryptocurrency business.

(Reporting by Jonathan Stempel in New York; Editing by Leslie Adler)