Robinhood Reports 29% Decline In Crypto Trading Volumes
I'm PortAI, I can summarize articles.
Robinhood Markets (HOOD) reported a 29% decline in crypto trading volumes in February, significantly outpacing the 1% drop in equities and options trading. The decrease is attributed to waning retail investor interest amid a broader market slump, with Bitcoin's price falling nearly 25% since January 20. February crypto trading on Robinhood totaled $14.40 billion, and the ongoing decline poses challenges for other exchanges like Coinbase Global (COIN). Robinhood's stock is down 8% this year, trading at $36.36, while Coinbase's stock has dropped 25% to $191.69.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Baystreet The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments