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