Robinhood shares surge 14% after co gains ground in crypto trading, intensifying competition
Robinhood has cemented its foothold in the crypto trading market as its commission-free model attracts price-conscious customers, analysts said, strengthening its position as a rival to digital asset-focused exchanges such as Coinbase. Robinhood reported an eight-fold jump in transaction-based revenue from crypto trading for the fourth quarter. The company’s stock rose nearly 14% in early…