November 23, 2024

Rise To Thrive

Investing guide, latest news & videos!

Robinhood crypto trading rises 75% in Nov, CEO tips ‘9 figures’ in revenue

1 min read
Robinhood crypto trading rises 75% in Nov, CEO tips ‘9 figures' in revenue

Crypto-friendly trading platform Robinhood has reported a 75% month-on-month increase in digital asset trading volume in November.

In an 8-K

HOOD prices have gained this year, up just 18% since the beginning of 2023. The company stock however has been down-trending since mid-July after reaching a 2023 high of just over $13. HOOD was priced at $9.95 in after-hours trading after gaining 2.5% daily.

In addition to launching equities to U.K. markets, Robinhood plans to launch futures trading in 2024, pending regulatory approval.

In August, Cointelegraph reported that Robinhood had accumulated 118,000 BTC worth around $3 billion at the time.

Magazine: Web3 Gamer: 65% plunge in Web3 Games in ’23 but ‘real hits’ coming, $26M NFL Rivals NFT