PANews reported on August 26th that according to Cointelegraph, the shares of trading platform Robinhood Markets and Bitcoin asset holding company Strategy both fell in after-hours trading amid Monday's overall market decline due to their exclusion from inclusion in the S&P 500 index. S&P Dow Jones Indices announced Monday evening that Interactive Brokers Group will be added to the index, which tracks the 500 largest companies in the United States, at market open on Thursday, replacing the drugstore chain Walgreens Boots Alliance. Wall Street has long anticipated Robinhood's inclusion in the S&P 500, and Strategy recently qualified due to its rising market capitalization driven by the value of its Bitcoin holdings. Robinhood (HOOD) shares fell 0.5% to $107.40 in after-hours trading after closing down 1.26% on Monday. Strategy (MSTR) shares also fell on Monday, closing down 4.17% and falling a further 0.6% to $341 in after-hours trading.PANews reported on August 26th that according to Cointelegraph, the shares of trading platform Robinhood Markets and Bitcoin asset holding company Strategy both fell in after-hours trading amid Monday's overall market decline due to their exclusion from inclusion in the S&P 500 index. S&P Dow Jones Indices announced Monday evening that Interactive Brokers Group will be added to the index, which tracks the 500 largest companies in the United States, at market open on Thursday, replacing the drugstore chain Walgreens Boots Alliance. Wall Street has long anticipated Robinhood's inclusion in the S&P 500, and Strategy recently qualified due to its rising market capitalization driven by the value of its Bitcoin holdings. Robinhood (HOOD) shares fell 0.5% to $107.40 in after-hours trading after closing down 1.26% on Monday. Strategy (MSTR) shares also fell on Monday, closing down 4.17% and falling a further 0.6% to $341 in after-hours trading.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more