Robinhood gets land in Cripto Trading, intensifying competition

Author: Nicket Nishant and Mani Saini

(Reuters) -Robinhood grabbed its foothold in the cropto trading market, because its model without a commission attracts customers, analysts said, strengthening its position as a rival to exchange digital funds.

The Robinhouse reported an eight-fold jump in revenues based on transactions from the CRIPTO Trading for the fourth quarter. The company’s cattle rose almost 13% before the bell on Thursday and is set to add $ 6.4 billion in the company’s market value.

The competition for the CRIPTO traders is heated at the time when the spirits for animals are transferred over the sector, the presidency of Donald Trump return to the White House.

Its promise is that American entry “Cripto capital of the planet” hit Bitcoin, for the first time in the fourth quarter of 2024. Years.

“Robinhood is our best idea for 2025. years. We expect the continuous momentum in the CRIPTO prices, which leads to records of volum trading,” Analysts in Bernstein said.

While the company currently offers trading in smaller rope tokens, he constantly gained on the market and could be amplified under cryptological commissions for crypts and exchange, written last month.

Robbhood passed wednesday next to Waltian street expectations for quarterly earnings on Wednesday.

The “trading volume in capital, options and cropto increased in the fourth quarter that retailers have confidence in all market risks,” Paul Marino said, the main one was admitted to ETFS them.

“It’s hard to predict when the transaction revenue will end, but maybe a long historical investment of the purchase norm and stick to the baby,” Marino added.

Steep

Although the growth of birth was powerful, outpremising the crypto mother exchange like a tavern could be a given task.

“Mint, Kraken and Binance serve a higher crypto-focused consumer. (They) also appear in distant jurisdictions,” said Kad Stadelmann, the main officer of the main technology in the decentralized crippto Exchange Komodo platform.

Coinbase currently lists over 200 tokens, while Roby’s about 22 on her platform, according to Bernstein.

Trevor Koverko, co-founder of data management platform Sapien.io, also said that it could be difficult to compete with the parent exchanges that are “purposely built for crypto”.

However, Robby is not a stranger for the market disorder, which was in 2013. broke the trading model to the Commission shielding the industry that dominated Lakeda for Vanguard, Charles Schwab and investment in investments.

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