Robinhood starts international crypto trade-sees immense potential in crypto economy-exchanges Bitcoin messages
Robinhood starts international crypto trade-sees immense potential in crypto economy-exchanges Bitcoin messages
Robinhood "set up aggressive goals to start opening his crypto platform for customers at an international level from 2022," announced the popular trading platform during their conference call for the results of the fourth quarter. "The company believes in the immense potential of crypto economy and sees a great opportunity to serve customers around the world."
Robinhoods crypto income, expansion plans
Robinhood Markets Inc. (Nasdaq: Hood) published its results for the fourth quarter and the year 2021.
The total net income of the company for the quarter rose by 14 % to $ 363 million compared to the same period in 2020. For the year, total net revenue rose by 89 % to $ 1.82 billion compared to the previous year. The transaction-based income of the trading platform, which also includes revenue with cryptocurrencies trade, amounted to $ 264 million in the fourth quarter and in 2021 to $ 1.40 billion.
Robinhood in detail:
The cryptocurrencies for the quarter rose by $ 304 % to $ 48 million compared to $ 12 million in the fourth quarter of 2020, and for the year to $ 419 million compared to $ 27 million for the year that ended on December 31, 2020.
The company also reported that "the average sales per user (ARPU) decreased by 39 % to $ 64 for the quarter to a year, compared to $ 106 in the fourth quarter of 2020". The Arpu for the year decreased by $ 5 % to $ 109 in the previous year.
The plans for 2022 said the trading platform:
Robinhood has set itself ambitious goals to open its crypto platform internationally for customers from 2022. The company believes in the immense potential of crypto economy and sees a great opportunity to serve customers around the world.
Robinhood currently supports the purchase, sales and real-time market data for Bitcoin ( bitcoin ), bitcoin-bargeld ( bch ), Bitcoin-sv ( bsv ), dogecoin (doge), ethereum ( eth ), Ethereum classic ( etc ) and litecoin ( ltc ).
Shiba inu crypto supporters applied to change SHIB trading platform listed. However, the company said that there was no hurry to list further coins, began to roll out its crypto wallets to customers. "By March we will extend the program to 10,000 customers before we expand it to the rest of the Wenwallet's cloth list," said the company.
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