CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-02-25 23:15:05

Robinhood stock dips 8% as CEO Tenev remains bullish on crypto trading

Robinhood’s stock declined on Feb. 25, but chair and CEO Vlad Tenev remains confident. In an interview on “Bloomberg Crypto” with Sonali Basak and Tim Stenovec, Tenev said, “The business has been doing tremendously well.” He pointed to strong fourth-quarter 2024 results, highlighting a record $1 billion in revenue and $50 billion in customer deposits for the year. When asked about the market correction tracked by Bloomberg’s Magnificent Seven index, Tenev suggested the dip was temporary. Last week’s post-earnings rally faded into today’s broader market downturn, with Bitcoin ( BTC ) slipping below $87,000. Robinhood shares fell by 8%, closing at $45.92 but still up 16% since the start of the year. The stock dip followed a wider market slump, but Tenev did not attribute it to any specific cause beyond normal fluctuations. Despite the decline, Tenev remains optimistic about user engagement. “Our customers…have a long-term perspective on these things,” he said, noting that many see market declines as opportunities to buy technology stocks and cryptocurrencies like bitcoin at lower prices. You might also like: SEC bins Robinhood probe amid crypto oversight shift Trading stays active Tenev also noted that volatility benefits Robinhood . Active traders continue using tools like the new Robinhood Legend platform, which has generated $50 million in annual revenue since its launch. As major technology stocks enter correction territory, this trading activity could support steady revenue growth for the platform. You might also like: Robinhood aims to launch crypto offerings in Singapore by late 2025

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez