Robinhood's May Crypto Trading Volume Falls 68% To $2.1 Billion (coindesk.com) 6
Robinhood experienced a significant decrease in cryptocurrency trading volume in May, with a 43% drop compared to the previous month and a 68% slowdown compared to the previous year. CoinDesk reports: Daily average trading revenue (DART), a metric that tracks the average trade per day that generated commissions or fees, was down 22% in May and 53% year-over-year for crypto trading.
Just last week, Robinhood delisted three tokens as part of its regular review, leaving only 15 cryptocurrencies available for trading on the platform, the company said. The delisted tokens, Cardano's ADA, Polygon's MATIC, and Solana's SOL, were named as securities by the U.S. Securities and Exchange Commission (SEC) in recent lawsuits against Coinbase (COIN) and Binance.
Just last week, Robinhood delisted three tokens as part of its regular review, leaving only 15 cryptocurrencies available for trading on the platform, the company said. The delisted tokens, Cardano's ADA, Polygon's MATIC, and Solana's SOL, were named as securities by the U.S. Securities and Exchange Commission (SEC) in recent lawsuits against Coinbase (COIN) and Binance.
Next on Slashdot (Score:5, Funny)
"New Slashdot Contributor Jim Cramer writes:
Buy! Buy! Robinhood Buy! I have it my portfolio buy!"
OH NO (Score:3)
Everybody: "OMG, this doesn't affect me in the slightest!! So...what do you want for lunch today?"
In other words, no one cares.
After the GameStop fiasco (Score:3, Interesting)
I don't understand why any sane, self-respecting investor has ANY investments through Robinhood.
They've basically shown that they're willing to interfere with legitimate trades and even STEAL customer property and sell it off for their own benefit.
"Yeah! I know we fucked some fo you guys! But hey! Invest more! You'll make it back!"
A sick outgrowth of the Gambler's Fallacy, when you KNOW the house is stacking itself against you COMPLETELY.
Re: (Score:2)