Reported 2 months ago
Despite ongoing market volatility in August, Robinhood's CEO, Vlad Tenev, indicated that investors are focusing more on buying rather than selling. With the CBOE Volatility Index cooling after a spike, Robinhood has seen a surge in deposits as users view the downturn as an opportunity to enhance their portfolios. Tenev highlighted the diverse strategies of traders on the platform and emphasized the company's strong position in the cryptocurrency market, anticipating significant future technological shifts.
Source: YAHOO