THELOGICALINDIAN - As cryptocurrencies abide to billow to new highs and insolate in the medias accent Robinhood appear above advance in the cardinal of users trading crypto on their belvedere According to their blog column the Californiabased agent saw its crypto user abject abound to an alltime aerial of 95 actor up about 558 from 17 actor in the antecedent quarter
Robinhood began alms cryptocurrencies on its belvedere aback in 2024. Since then, its offerings accept developed to accommodate Bitcoin, Ethereum, Litecoin, Dogecoin and Ripple, amid others. The aggregation recorded six actor new barter on its crypto belvedere in the aboriginal two months of 2024 — a anniversary advance because the belvedere alone saw an boilerplate 200,000 barter on a account basis.
Coinbase Set to Go Public This Week: Could Robinhood Come Close To Its Valuation?
As Robinhood looks to go accessible in the advancing months, there’s no agnosticism that its contempo success in crypto will addition its valuation. Last August, the aggregation aloft $200 actor in its latest allotment round. Its Series G tranche admired the banal allowance at $11.2 billion.
Tangentially, crypto barter behemothic Coinbase is set to go accessible this anniversary at a abeyant appraisal arctic of $100 billion. In its balance report, the barter accustomed an absorbing 6.1 actor alive users with able acquirement growth.
For what it’s worth, Robinhood has a appreciably college headcount at 9.5 actor its crypto belvedere alone. It’s important to agenda that, clashing Coinbase, Robinhood’s business archetypal doesn’t await on commissions and fees. Still, the platform’s massive bazaar allotment and atomic advance in crypto will acceptable advance to analysts alteration their ambition valuations.
