Robinhood’s stock tanks following a drop in crypto trading
HOOD, the stock of American financial services firm Robinhood, plunged by approximately 8% in after-hours trading on Tuesday after the trading platform’s revenue tanked due to light crypto trading. A report unveiled this news earlier today, citing the firm’s earnings call, which disclosed that its crypto trading revenue fell to $51 million in Q3 2021, […]
Robinhood set to launch crypto wallets as its Bitcoin business expands
American financial services company Robinhood is gearing up to roll out crypto wallets within its app. The firm unveiled this news through a blog post on September 22, noting that this is its latest expansion into the crypto industry. Reportedly, the public brokerage company plans to start testing the crypto wallets with select clients in […]
Robinhood Joins PayPal to increase its crypto offerings
The revolutionary capabilities of decentralized finance through cryptocurrencies are undeniable even for centralized, traditional finance applications such as Robin Hood and PayPal. In fact, 17% of Robinhood’s revenue in the first quarter of 2021 was on the backdrop of a crypto trading trend, with reports showing a staggering 34% of RobinHood’s revenue being in crypto, […]
