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.