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Robinhood probably still earns more than half of its transaction based revenue from crypto, with the rest being options and stocks. I think it actually does qua
by LamdbaMamba 5y ago
Robinhood probably still earns more than half of its transaction based revenue from crypto, with the rest being options and stocks. I think it actually does qualify as a major cryptocurrency service.
https://www.cnbc.com/2021/08/18/robinhood-crypto-revenue-jumped-over-45-fold-in-q2-to-233-million.html https://www.cnbc.com/2021/08/18/robinhood-crypto-revenue-jum...
- capableweb 5y agoThat 50% of Robinhoods revenue comes from crypto does not make Robinhood a major service in the cryptocurrency space. Could be that they have way higher margins on cryptocurrency, that cryptocurrency fans spend more or anything else. But compared to other exchanges or trading platforms in cryptocurrency, Robinhood is basically non-existing.