Robinhood's existing investors include venture capital firms Sequoia Capital and Ribbit Capital, who came together on Thursday night to offer the emergency funding.
We're pleased to share that we've raised over $1 billion from existing investors to continue to invest in record growth.
Despite the dollar's move higher this week, most analysts are sticking to their calls it will weaken in 2021 as the new US government implements massive fiscal spending while the Federal Reserve maintains its ultra-easy monetary policy.
"Fears of (People's Bank of China) de-leveraging could trigger the correction of China equities, and discourage capital inflow for China stock markets," said Mizuho's chief Asian FX strategist Ken Cheung.