NasdaqGS:HOODCapital Markets
Robinhood Weighs Crypto Slump Against ARK Buying And UK AI Push
Robinhood Markets (NasdaqGS:HOOD) is seeing weaker transaction-related revenues as crypto trading volumes fall sharply.
Major shareholder ARK Invest has been adding to its position in HOOD during this period of volatility.
The company is rolling out commission free ISAs in the UK and introducing new AI powered investing tools.
Robinhood Markets, trading at around $87.07, is in a tricky spot right now, with crypto market weakness feeding through to lower activity on the platform. The stock...