Robinhood stock outruns Bitcoin in intraday crash, down over 10% in pre-market
The decline followed Robinhood Market’s announcement that it would sell up to 98 million Class A shares over time. Go to Source Powered by WPeMatico
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Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue
Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin. Robinhood’s IPO Prospectus Reveals Crypto Business … Read more
