Wolfe Research warns of ‘acute’ Q3 slowdown in Robinhood’s DOGE growth
“Robinhood’s ascent inside crypto is nothing short of remarkable,” Wolfe Research’s Steven Cubak warned in an investment note this week, “but the outsized contribution from Dogecoin simply cannot be ignored.” According to Robinhood’s Q2 figures, crypto trading accounted for 41% of the company’s income, and more than 60% of the app’s funded accounts traded crypto […]