Reported 2 months ago
Robinhood is expected to report record revenue in the second quarter, benefiting from a surge in trading of meme stocks and cryptocurrencies as retail investors return to the platform. The app saw a significant increase in equity trading volumes while crypto trading also experienced remarkable growth. Analysts project that Robinhood's revenue will rise by about 32%, driven by renewed interest in popular stocks and favorable market conditions for cryptocurrencies.
Source: YAHOO