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Interesting thought. Is Robinhood that common in the crypto world? I know they support it, but I would have guessed it was an “also” feature rather than a drive
by LeafItAlone 4y ago
Interesting thought.
Is Robinhood that common in the crypto world? I know they support it, but I would have guessed it was an “also” feature rather than a driver.
- dcolkitt 4y agoCrypto was responsible for approximately 35% of Robinhood's revenue in 2021.
- loeg 4y agoThe fee structure differs among their offerings, so that doesn't tell you relative popularity.
- metaphor 4y agoNope. From FY21 10-K filing[1] p. 74, cryptocurrencies represented 23% of total net revenues, or 29.9% of total transaction-based revenues. [1] https://www.sec.gov/Archives/edgar/data/1783879/000178387922000044/hood-20211231.htm https://www.sec.gov/Archives/edgar/data/1783879/000178387922...
- tnel77 4y agoNow that Robinhood will let you send your crypto to a hardware wallet, it’s not a bad method for DCAing into a coin of your choice.