What’s going on? Robinhood posted a disappointing first earnings update since its IPO. What does this mean? In Q1/2021, Robinhood’s bank balance might have been boosted by meme stocks (like GameStop and AMC Entertainment). In Q2/2021, however, Robinhood’s revenue surged 131% thanks to crypto trading making up around 51%, which was a huge jump from 17% in…
Tag: exchange
Ep 60: New money-laundering rules change everything for cryptocurrency exchanges
Complying with regulators could mean the difference between going mainstream and remaining forever on the margins of the global financial system. What’s going on here? One of the biggest knocks against cryptocurrency has always been its status as a refuge for tech-savvy criminals. The image persists, in part because some crypto firms have evaded regulators by…
with HT 