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Robinhood may not offer as many options when it comes to crypto, but the brokerage does have some perks. When you open an account or invite a friend, you’ll receive a stock reward.
Robinhood has added new crypto tokens to its platform, including XRP and memecoin Pepe. The brokerage is also re-listing Solana and Cardano, which it removed last year amid an SEC crackdown.
As Robinhood’s Quirk pointed out, “Obviously, we’re not adding coins at the speed of some of the crypto-only competitors.” Crypto trading earned Robinhood $48 million in the fourth quarter.
The company does not offer trading in mutual funds and bonds. [93] Robinhood has prohibited its users from purchasing some high-risk penny stocks, such as banning purchases of Helios and Matheson Analytics, the owner of MoviePass, in August 2018. [99] The company also has significant restrictions for trading in options on their expiration dates ...
Robinhood users can now use their Robinhood balance and debit card to stay up-to-date with the latest trends in crypto. In 2024, meme coins have been a huge craze.
The scenario has been great news for Robinhood Markets (NASDAQ: HOOD), which has emerged as a big winner in this bull market. Shares of the online brokerage and financial services platform are up ...
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