Thursday, July 24, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Cryptocurrency

What does Robinhood want to be when it grows up?

n70products by n70products
September 11, 2024
in Cryptocurrency
0
What does Robinhood want to be when it grows up?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Unlock the Editor’s Digest without cost

Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.

As soon as upon a time, Robinhood was the dealer for renegade first-time buyers who wished to stay it to Wall Road. Three years on from the peak of meme inventory mania, the corporate needs to reclaim the disrupter crown for itself. That’s a much more attention-grabbing funding story, notably if it figures out the place its troublemaking will be finest deployed.

Three consecutive quarters of web profitability have helped increase Robinhood’s shares by greater than 50 per cent this yr. It has been helped by market tailwinds too, notably from its crypto operations as buying and selling in bitcoin has surged. Actually, its shares have tracked the crypto drama carefully. Larger rates of interest have additionally helped, with web curiosity revenues offsetting a slide in revenue from the rebates and fee for order movement that make up its buying and selling core.

To date, so easy. However what does founder Vlad Tenev need Robinhood to be seen as? The place the place the children commerce Nvidia whereas mother and pop kind their 401(ok) retirement funds? A crypto hub with the air of an outlaw but protected onshore US guidelines? Or some mixture of the above in a superapp that mixes extra companies reminiscent of funds and financial savings?

Line chart of Price change (%) over 1 year showing Robinhood's merry shareholders

This yr Tenev has made strikes that match all three. In June Robinhood purchased crypto change Bitstamp — even because it faces an expected lawsuit over alleged violations of securities legal guidelines linked to crypto. By year-end, prospects may have an internet platform that ought to enhance its attraction past smartphone-obsessed children. In July it purchased Pluto, an AI-based analysis platform. Again in March, in the meantime, it launched a bank card as a part of its “gold” subscription service. Bitstamp additionally provides it an entrée with institutional buyers, doubtlessly opening up a unique buying and selling market fully. 

Tenev has mentioned that the bank card was “just the beginning”. That appears like a superapp within the making, and people tales can quickly develop into difficult.

Robinhood’s shares commerce at 27 occasions forecast earnings, on the again of its simple development story. That could be a premium to broking rivals. Interactive Brokers — serving institutional merchants in addition to retail — and Charles Schwab, which has a financial institution, commerce on multiples of 18 and 17 respectively. Crypto change Coinbase, in distinction, is on 37 occasions.

Subsequent month in Miami the dealer is internet hosting its first buyer convention with guarantees of “superior” new merchandise. After three years of affiliation with a quick and ill-fated market mania, long-term buyers ought to be searching for a clearer sense of the subsequent chapter in Robinhood’s story.

jennifer.hughes@ft.com



Source link

Tags: growsRobinhood
Previous Post

BTC small retail traders dominate the market hitting 7 months high

Next Post

Crypto Reaches New All-Time High in Active Addresses Amid ‘Healthy Correction in Bull Market’: Jamie Coutts

Next Post
Crypto Reaches New All-Time High in Active Addresses Amid ‘Healthy Correction in Bull Market’: Jamie Coutts

Crypto Reaches New All-Time High in Active Addresses Amid ‘Healthy Correction in Bull Market’: Jamie Coutts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Social unrest among Gen Z to drive BTC adoption: Analyst

Social unrest among Gen Z to drive BTC adoption: Analyst

June 29, 2025
Analyst Predicts Longs Could Benefit

Analyst Predicts Longs Could Benefit

October 18, 2024
Senator’s Bold Proposal To Replenish US Reserves

Senator’s Bold Proposal To Replenish US Reserves

November 27, 2024
Bitcoin Price Gearing For Another Lift-Off to $72.5K: Dips Turn Attractive

Bitcoin Price Gearing For Another Lift-Off to $72.5K: Dips Turn Attractive

April 11, 2024
‘Depressing Bear Market’ Potentially About To Begin for Altcoins Amid Worrying Signs in Stock Market: Veteran Trader

‘Depressing Bear Market’ Potentially About To Begin for Altcoins Amid Worrying Signs in Stock Market: Veteran Trader

February 25, 2025
Gauging The Performances Of Two Crypto Giants This Cycle

Gauging The Performances Of Two Crypto Giants This Cycle

October 10, 2024

Recent Posts

  • Crypto ATMs were just banned in New Zealand: Here’s why it matters
  • I’ve tested dozens of tablets and this is the first Android model to truly replace my iPad Pro
  • XRP Price Trims Gains After Rally – Is This Just a Healthy Correction?

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Crypto ATMs were just banned in New Zealand: Here’s why it matters

Crypto ATMs were just banned in New Zealand: Here’s why it matters

July 24, 2025
I’ve tested dozens of tablets and this is the first Android model to truly replace my iPad Pro

I’ve tested dozens of tablets and this is the first Android model to truly replace my iPad Pro

July 24, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version