Robinhood Stock Surges as Crypto Ventures Pay Off

The post Robinhood Stock Surges as Crypto Ventures Pay Off appeared first on Coinpedia Fintech News

Stocks in the Spotlight! Robinhood stock surged by 4.7% after a bullish Bernstein report projected a $23 billion market cap by 2024. The company has seen a 66% year-to-date stock rise, largely fueled by crypto ventures. In Q2 2024, its crypto-based revenue spiked by 161%, reaching $81 million. The company’s recent plans, including acquiring Bitstamp for $200 million, are set to expand its global presence. Younger investors continue to drive Robinhood’s growth, with 60% of assets held by users under 43.