NasdaqGS:HOODCapital Markets
Robinhood Broadens Revenue Sources With Prediction Markets And Bitstamp Deal
Robinhood Markets (NasdaqGS:HOOD) has reported rapid revenue and user growth tied to expansion into banking, credit cards, and other financial services over the past three years.
The company has moved heavily into prediction markets, which have become a major contributor to its revenue base.
Robinhood recently agreed to acquire crypto exchange Bitstamp, aiming to build out its global cryptocurrency trading infrastructure and regulatory footprint.
For investors watching NasdaqGS:HOOD, the...