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BTCC / BTCC Square / Global Cryptocurrency /
Florida Investigates Robinhood for Misleading Crypto Pricing and Promotions

Florida Investigates Robinhood for Misleading Crypto Pricing and Promotions

Author:
Global Cryptocurrency
Published:
2025-07-11 19:44:03
13
3
BTCCSquare news:

Florida's Attorney General has launched a formal investigation into Robinhood Crypto, LLC, alleging deceptive marketing practices related to cryptocurrency pricing. The probe focuses on claims that the platform misled users by advertising itself as the "cheapest way to buy crypto" while allegedly obscuring true costs through payment for order flow (PFOF) models.

Authorities subpoenaed internal documents to determine whether Robinhood violated Florida's Deceptive and Unfair Trade Practices Act. The case highlights growing scrutiny over transparency in crypto trading platforms, particularly around hidden fees and third-party routing practices.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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