Not BlackRock, But Revolut And Robinhood Will Infuse New Life Into DeFi, Expert Says
Portfolio Pulse from Khyathi Dalal
Paul Frambot, CEO of Morpho, highlights the role of fintech companies like Revolut and Robinhood in driving the future growth of Decentralized Finance (DeFi). Robinhood's crypto strategy has led to a significant increase in crypto-based transaction revenue, and its expansion efforts could boost its operating income.
September 17, 2024 | 2:04 pm
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Robinhood is playing a crucial role in the growth of DeFi, with its successful crypto strategy leading to a 161% increase in crypto-based transaction revenue. The company's expansion in the crypto market, including acquiring Bitstamp and integrating Solana, could significantly boost its operating income.
Robinhood's focus on expanding its crypto offerings and successful integration of digital assets like Solana are likely to attract more users and increase transaction revenue. The acquisition of Bitstamp and expansion into the EU market are strategic moves that could enhance its financial performance.
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