Spot Crypto Volumes May Lead to Incoming Volatility
Robinhood stock is one of the year’s best performers, up an astounding 145% YTD and as much as 187% from its lowest close in April. The company continues to progress towards its goal of creating the world’s number one financial ecosystem including an all-in-one investment app with the potential to launch its own stablecoin.
Robinhood’s stock is significantly outperforming the broader indices both YTD and since April. Source: YCharts.
Despite the ‘super app’ vision and diversification into new products and markets, Robinhood stock’s growth profile today is tied to three core levers: net interest revenue, crypto, and options trading.
Being first to market for lower friction crypto offerings for consumers is at the heart…
