Robinhood’s Crypto Keynote Could Be a Chance to Buy the Dip: Compass Point

In brief

  • Robinhood’s crypto keynote event on Monday could be a “sell the news” event, according to one analyst.
  • The company could make announcements surrounding tokenized stock trading, staking, and perpetual futures, he said.
  • Stablecoins are buzzy, but the trading platform is unlikely to unveil anything related to the trend, he added.

When Robinhood hosts a crypto-focused keynote event in France on Monday, investors may have an opportunity to buy the dip, investment bank Compass Point signaled on Friday.

Although some investors may “sell the news,” the trading platform has several potential catalysts on the horizon, including inclusion in the S&P 500 and a crypto business that continues to flourish, Compass Point analyst Ed…

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