$Robinhood(HOOD.US)About 20% of $Robinhood(HOOD.US)'s revenue comes from cryptocurrencies (approximately $268 million, out of total revenue of $1.27 billion).
If cryptocurrency revenue drops by 40%, it would only result in an 8% loss of total revenue, about $100 million. In contrast, for $Coinbase(COIN.US), a 40% drop in cryptocurrency revenue means its total revenue would also drop by 40%!
However, $Robinhood(HOOD.US) has 10 other businesses under its umbrella, all of which are growing rapidly. The new predictive market business alone is expected to grow by over 200% quarter-on-quarter from Q3 to Q4! This means this single business could offset any revenue decline from the cryptocurrency business.
Additionally, there are credit cards, stock trading, options trading, cash sweeps (interest), securities lending, gold subscription income, and futures trading.
Not to mention they are about to launch personal banking services.
Not advice 🤐
Robinhood is a monster!
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