Robinhood's stock showed significant growth on the stock exchange due to a new partnership and crypto market expansion.
Robinhood Stock: Analyzing Current Successes
Robinhood's stock rose 7.08% in the last trading session, reaching $42.02. The weekly growth is 16.48%, associated with the launch of a betting platform in partnership with Kalshi. Over the past 52 weeks, HOOD shares traded from $13.96 to $66.08, with the company's market capitalization at $37.14 billion.
Robinhood in the Crypto Market: Achievements and Data
Robinhood is actively developing its position in the crypto market, generating significant revenue. Over the last year, the company's stock grew by 83.09%, though they've fallen by 30.48% over the last 30 days. In the last quarter of 2024, the company reported revenue of $1.01 billion, a 115.29% increase year-over-year.
Market Impact: What's Happening with Cryptocurrencies?
Against the backdrop of market changes, the cryptocurrency industry's capitalization stands at $2.72 trillion, down 18% for the month. Major cryptocurrencies like Bitcoin and Ethereum have shown declines, linked to the exit of long-term investors.
Robinhood continues to strengthen its position in the financial market through strategic partnerships and active operations in the crypto sector.
