Feb 24 (Reuters) - Robinhood said on Monday the

U.S. Securities and Exchange Commission had closed its

investigation into the company's crypto trading arm with no

action.

Robinhood's shares were up 2.9% in premarket trading.

In May 2024, Robinhood had received a notice warning that it

could be charged for a potential violation of securities law

within its crypto unit.

The SEC dropped a lawsuit against crypto firm Coinbase

last week.