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"For the three months ended March 31, 2021, 17% of our total revenue was derived from transaction-based revenues earned from cryptocurrency transactions, compar
by slo_news 5y ago
"For the three months ended March 31, 2021, 17% of our total revenue was derived from transaction-based revenues earned from cryptocurrency transactions, compared to 4% for the three months year ended December 31, 2020."
That's some pretty crazy growth! Granted, that was a unique time in crypto. But I'm sure history will repeat. Will be interesting to see how RH's crypto strategy develops based on this. Crypto essentially brings the payment for order flow in-house and makes RH the market maker for doge, BTC, etc. So maybe RH will just start to look more like Coinbase!