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At #MessariMainnet2021 last week @RobinhoodApp Crypto COO Christine Brown & Robinhood Crypto CTO Johann Kerbrat announced Robinhood will be launch wallets that allow users to transfer crypto on and off the platform.
Robinhood also (unofficially) teased its crypto strategy👇🏻
Robinhood also (unofficially) teased its crypto strategy👇🏻
First, let's set the stage. Why is Robinhood 10xing down on crypto?
In Q1 17% of Robinhood’s transaction-based revenue (TBR) was from crypto with 35% of that from Dogecoin.
In Q2, crypto accounted for 50% of TBR with 62% from Dogecoin.
Damned if you Doge, damned if you don't.
In Q1 17% of Robinhood’s transaction-based revenue (TBR) was from crypto with 35% of that from Dogecoin.
In Q2, crypto accounted for 50% of TBR with 62% from Dogecoin.
Damned if you Doge, damned if you don't.
Robinhood only offers seven assets:
• Bitcoin
• BCH
• BSV
• ETH
• DOGE
• ETC
• LTC
Nothing from DeFi, L1s, L2s, NFTs, or Web3.
Still earned $233 million in rev from crypto.
• Bitcoin
• BCH
• BSV
• ETH
• DOGE
• ETC
• LTC
Nothing from DeFi, L1s, L2s, NFTs, or Web3.
Still earned $233 million in rev from crypto.
