Robinhood Earns Transaction Revenue Directly on Crypto. That Cuts Both Ways.
Robinhood's customers have made big shifts in what they buy, which can have a big impact on its results.
Overview
Robinhood (NASDAQ: HOOD) is a large discount broker. One of its primary goals as a business is to introduce new people to investing, which has generally led the company to lean into innovation. That includes offering new products and services, like cryptocurrency trading and prediction markets.
The company isn't doing this out of the kindness of its heart; it generates fees for its services. The interplay between cryptocurrencies and prediction markets is one that investors need to watch very carefully.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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