Dogecoin trading accounted for 62% of Robinhood’s Q2 cryptocurrency earnings
Cryptocurrency trading accounted for around 41 percent of Robinhood’s quarterly income, with Dogecoin being a major contributor. Cryptocurrency trading has grown in popularity on Robinhood’s platform, which now accounts for 41 percent of the company’s income, according to the popular retail trading app. Following the publication of its second-quarter financial results on August 18, the […]
DeVere Group chief says Ethereum’s rise to No.1 crypto ‘seems unstoppable
Nigel Green is quite positive on Ethereum, predicting that its value would surpass that of Bitcoin over the next five years. Ethereum’s price appreciation should continue to outpace Bitcoin’s in 2021, according to the CEO and founder of one of the world’s largest independent financial advising firms, the deVere Group. Nigel Green, CEO of the […]
Coinbase stockpiles a $4B war chest in anticipation of the ‘crypto winter’
Coinbase, the largest US cryptocurrency exchange, has amassed a $4 billion war fund in anticipation of lower crypto retail trading volumes and greater operational expenses due to regulatory barriers. It apparently intends to utilise the funds to offset expenditures incurred as a result of a range of circumstances, including complying with new laws enacted by […]
United Wholesale Mortgage to accept crypto payments this year
During a conference call to discuss the company’s second-quarter performance, United Wholesale Mortgage CEO Mat Ishbia stated that the company intends to accept cryptocurrency payments this year. In a move that will begin this year, United Whole sale Mortgage (UWM), the second largest mortgage lender in the United States, plans to accept cryptocurrency payments, starting […]
Vienna Stock Exchange to list 3 of its crypto ETPs from ETC Group
ETC Group, based in London, will list its entire portfolio of crypto exchange-traded products (ETPs) offering exposure to Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) on Austria’s main stock exchange. The ETC Group announced on Wednesday that the Wiener Börse, or Vienna Stock Exchange , would list three of its crypto exchange-traded products that are […]