![]() Speculation is that Robinhood will add more cryptocurrencies once the wallet is up and running. ![]() If petitions such as Shiba Inu are successful, DOGE could very quickly go from the favorite dog on the block to an also-ran.Īccording to a recent Fortune article, the waitlist for the Robinhood crypto wallet has jumped past a million people. However, Dogecoin investors should also be concerned. The unpredictability of Dogecoin’s revenue generation on Robinhood is significant, so you can see why HOOD stock has struggled for most of its short life as a public company. So, in Q3 2021, Dogecoin accounted for 8% of transaction-based revenue, compared to 32% in Q2 2021 and 7% in Q1 2021. Overall, that’s $20.3 million out of $266.8 million in transaction-based revenue from crypto, options, equities, and other products. 30, the company’s transaction-based cryptocurrency revenues were $371.4 million, up from $14.8 million a year earlier.ĭogecoin remains a significant contributor to the investment platform’s transaction-based cryptocurrency revenue.ĭOGE accounted for 40% of the $50.7 million in transaction-based cryptocurrency revenues in the third quarter. Through the first nine months of the year ended Sept. Robinhood reported its third-quarter results on Oct. ![]() But no matter what, Shiba Inu’s ascension in this way can impact Dogecoin’s performance on the platform, and this has implications for the latter’s future. In the meantime, I’m wondering what the next cryptocurrency will be to petition Robinhood for admission.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |