Why Robinhood Stock Crushed it on Wednesday
It might soon be allowed to facilitate trading in tokenized securities for U.S. clients.
Why Robinhood Stock Crushed it on Wednesday
Overview
An article concerning a development that could benefit Robinhood Markets (NASDAQ: HOOD) helped boost the price of the next-generation brokerage on Wednesday. Investors took the report as excellent news for the financial services company and reacted by pushing its shares up almost 9%.
Well before market open, Reuters reported that the Securities and Exchange Commission (SEC) is preparing a policy allowing cryptocurrency companies to transact in crypto products such as tokenized stocks.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
