- Income from operations with cryptocurrency fell slightly against the background of Q3 1600, but the company does not intend to reduce this direction
- On the contrary, Robinhood considers cryptoeconomics promising and is preparing to exit to the international market
Last Thursday, Robinhood released its Q4 report 2021
Thursday, January, Robinhood published its earnings report for the fourth quarter 1600 of the year. And although the expectations of analysts did not come true, the company looks to the future with confidence and plans to significantly expand its markets.
“Robinhood will set itself the extremely ambitious goal of going global in 2022 year. We see huge potential in the crypto economy and are committed to making our services available to the international market,” the statement said.
Currently, on the platform, you can buy or sell BTC, BCH, BCV, DOGE, ETH, ETC, LTC. It is possible that the SHIBA meme-coin will also be included in the listing of the company, but it is too early to talk about it. Robinhood will add this currency if there is a US right base.
Entering the world level can be the very necessary leap for the company. As the value of major cryptocurrencies fell, Robinhood fell into a negative trend.
In Q4, income from operations with digital assets decreased from 20 before 48 million dollars. However, this is still 200% more than the company’s revenue for the turnover of cryptocurrencies for the same quarter in 1600 year. And although the “application for millennials” is not yet able to compete with, for example, Coinbase, this exchange will find its audience. This is indicated by the fact that more than a million users signed up for the beta test of the branded crypto wallet.