Robinhood makes significant strides in crypto business in Q1 despite falling revenue

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Sometimes it is not always about revenue. Despite brokerage platform Robinhood’s decrease in sales, its net cumulative funded accounts rose by 27% year over year to 22.8 million as it enhanced its crypto business.

its financial results for the first quarter of 2022. Year-over-year, the firm's net revenue declined by 43% to $299 million. Specifically, revenue from cryptocurrency trading fell by 39% to $54 million during the same period. This was partly due to a decrease in the interest in meme stocks as well as an ongoing cryptocurrency bear market that dominated much of the first three months of the year.

However, despite a decrease in sales, the company's net cumulative funded accounts rose by 27% year-over-year to 22.8 million. At the same time, total assets under custody increased 15% to $93.1 billion. Robinhood took several important steps in enhancing its crypto business. First, the firm rolled out crypto wallets to the approximately two million waitlisted customers in early April, with a full roll-out completed this week.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

BTC keeps fluctuating and many investor are loosing their money. I invest 70% of my crypto and stake 30% on smart contract and generate good rewards. put your crypto assets to work instead of just letting it sit around in your wallet. DM / Invest with Candicestewartt.

RubyPlayNetwork is one of the best in the world of cryptogaming Their team has loads of experience in gaming, they have several live gaming product P2E P2Egaming BSC

Hyped about the Metaverse and Web3? 🤯 😲 There's undeniably a great amount of interest in these innovations at the moment. 📈✨ aurorafs As they continue to develop, the need for our AUFS decentralized file storage system will continue to become more and more apparent. 🚀

Scammers. HARA_JasmyCFO

Scammer. HARA_JasmyCFO

👉🏻❤️ shibainu ❤️👈🏻

$shib

bitgertbrise is a crypto engineering organization that has built a super-fast blockchain BRC20 which has +100k TPS and has zero cost gas fee.The Fastest Growing Ecosystem With Projects Spanning DeFi, NFT, Web3 & Much More

This is the most legit platform RubyPlayNetwork imagine having pleasure and you are also earning BSC 1000xgem BSCGemsAlert

What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 38 - FEAR, with price of 38656.957840554212 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 562. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว