Reported 2 months ago
Robinhood's CEO, Vladimir Tenev, affirmed the platform's reliability during volatile market conditions as they reported a significant increase in cryptocurrency revenue by 161% year-over-year and record earnings of $682 million. Tenev noted a rise in July trading volumes and impressive net deposits in August, underscoring that investors are leveraging volatility to explore diverse trading strategies. With a record 2 million Robinhood Gold subscribers, the company's growth reflects a robust performance even as competitors face challenges.
Source: YAHOO