The encrypted Robevol is the Dogecoin champion, where he continues to try a stupid young money
With SEC fines and congress reprimand on MEME shares and armed trading in the rear vision mirror, Robinhood has emerged as the largest traditional commercial encryption, especially coins.
by Javier BazForbes staff
R.He is the eighth in the world The most important encryption, Dogecoin was $ 39 billion (CAP). In the past 12 months, the distinctive symbol, which represents nothing more than believing in the digital image of the Shaiba Eno dog, has gained 220 %.
This is a great news for Menlo Park, Robinhood from CA, because the last SEC files revealed that customer of friendly discount broker owns about 35 billion DOGECOIN code, about 24 % of the entire MEMECOIN supply, worth about $ 8.8 billion, but as much as it is $ 16.4 billion dollars In December 2024.
Of course, Dogecoin is not millions of Crypto Robinhood customers who are fond of trade. The mediator is now the leading traditional mediation company in digital assets and has begun to challenge the dominance of the market for coding specialists such as Coinbase. According to Robenol’s fourth results in the fourth quarter, which was released yesterday, cryptocurrencies were the first generator of the company, which represents $ 358 million of its net $ 1.01 billion, or 35 %. Over the full year 2024, total revenue increased by 58 % to $ 2.95 billion, while net income increased 10 times to $ 916 million.
Of the twenty or so, the brokerage company allows its platform on its platform, there are five megoins, bonk, Sheba Eno, Dujoufat, Trump Quinn and Labokoin, and the cartoon frog was sometimes associated with the extreme right. Bitcoin and Ethereum are very popular on Robinhood, but there are seven groups of zombies including Bitcoin Cash, Stellar and Tezos. These characteristics of billions of dollars are trading actively, but they have no fruitful application other than work as speculative vehicles.
“In the main Robinhood app, we will continue to add [crypto assets] And continue to accelerate. In fact, we have added seven new origins since the elections. “We have engineering capabilities and infrastructure to add significantly distinctive symbols.”
It is not surprising that billionaire founders of Robinhood, Tenev And Baiju BitWho launched Safar in 2013 with the apparent noble mission to give the democratic character to investment, once again converted to a fast food diet to feed their young merchants with encryption. Robinhood has long collected the rising investors by photographing its platform. About 75 % of its 25 million active accounts are kept by the millennial and general Z. like Meme’s shares, whose trading often challenges traditional evaluation measures, Meme coins go further – there are no real assets or basics . How can one appreciate the future profits prospects for a dog image with a coherent hat on the market value of $ 595 million?
In 2020, the first Robinhood company traded, which reaches hot water with the organizers after a young merchant, and a 20 -year -old university student from Nabarefil, Illinois, took his own life in a state of panic after the trading platform, and resisted customer service other than Enough, he led him to believe that his options were circulating in the hole for $ 730,000. [Robinhood settled a wrongful death suit brought by his family in 2021]
Robinhood was called before Congress, who not only wondered about his commercial practices and safety but also the source of its revenues. Since 2020, Robinhood SEC has paid more than $ 100 million of fines for a group of violations ranging from the misleading of its customers, to submit subpar executions on deals and expose the data of the infiltrators.
During the year 2024, about 66 % of Robinhood revenues worth $ 2.95 billion from what is known as payment for the flow of applications from PFOF, which is the practice of selling its customer deals to the hedge funds in Wall Street, including Citadel Securities and Susquehanna, both are owned. By mega-billionaires. The zero commissions mask in Robinhood is the fact that behind the scenes, the hedge boxes are signs of up and down on the requests of their customers, which gains a small spread. Like the main poker players sitting on a table with Rubes and Wall Street Quants and algorithms such as Citadel not only benefit from Robinhood customer deals, but used the large amount of retail data from these purchases to expect market and profit movements.
This way, Robinhood also sells encryption boxes to hedge the hedge boxes. After trading options, encryption trading has become the largest source of transaction income in the mediator. In Robinhood, Crypto is trading 24 hours a day, compared to the products based on the exchange of the company that trades only 5 days a week. During encryption trading peaks, such as Q2 2021, Dogecoin and all coding trading represents 32 % and 41 % of transaction revenues, respectively. In the last quarter ended on December 31, 2024, when Bitcoin first penetrated the brand of $ 100,000, the volume of encryption transactions increased.
based on Forbes Disclosure analysis of the Robinhood market maker, large parts of Robinhood’s Crypto deals are sold to Crypto commercial hedge boxes including Tai Mo Shan, Wolverine Trading and Wintermute. Thai Moe Shan is a subsidiary of Chicago High Wender Trading Trading Fund Trading. In December 2024, Tai M Shaan paid $ 123 million to misleading investors in the Terra USD offer, the Algorian Stablecoin, which exploded and collapsed in May 2022. Wintermute is a UK -based algorithm trading company that specializes in Crypto. Wolfirin is a trading hedge box in Chicago.
Are RobinHood enthusiastic traders getting the best prices when they buy and sell Trump or encrypted currencies inspired by Sheba Ino?
Robinhood insists that its costs are the least compared to companies such as Coinbase, Crypto.com and Kraken. But do not expect any transparency on the commercial executions of encryption any time soon. Unlike the birth of the regulatory mediator, the Robinhood Cryxal Unit is not required to grant customers the best implementation or price improvements and there are no general disclosure of encryption trading differences.
For shareholders in Robinhood, whether the company generates revenues to sell blue chip companies such as Apple or by selling symbols to its new traders, it seems important.
“They allow you to trade encryption, stocks, options, and now they are likely to enter into sports betting,” analyzes Mizuho Dan Dolev.
In trading after working hours yesterday, Robinhood gained 15 %. Over the past 12 months, its stock has increased by 384 %.
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