Trading platform Robinhood has reported that 40% of its cryptocurrency transaction-based revenue was attributable to transactions in the meme cryptocurrency dogecoin in the third quarter.
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Cathie Wood’s ARK snaps up $80M Robinhood shares after crypto led price dip
Ark Investment took the opportunity to buy Robinhood shares at a discount following the trading company’s unsatisfactory earnings report.
Read moreRobinhood’s Crypto Activity Drops 78%, Stock Tanks Below IPO
Robinhood had a net loss of $1.32 billion this past quarter, recording a plunge of 78% in revenue from crypto transactions from 2Q. Their shares
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Robinhood shares tank 10% after crypto revenue falls by three quarters
Robinhood posted $51 million worth of transaction-based revenue from crypto in Q3, marking a 78% decrease compared to the previous quarter.
Read moreShiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors
Shiba Inu (SHIB), one of the most popular meme coins, soared to an all-time high for the first time since May 11. The meme coin
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Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers
On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s
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