INSUBCONTINENT EXCLUSIVE:
especially as it starts to dive into cryptocurrency, investors are getting pretty excited about its prospects and are pouring a ton of new
sending Robinhood to a $5.6 billion valuation in a new financing round that the company is announcing today
Robinhood had a $1.3 billion valuation last year when it had around 2 million users, and the company says it now has 4 million users and has
toes into financial services without having to work with firms that have trading fees like Scottrade or E*Trade
And while there are a lot of services that offer robo-advisory services like Betterment and Wealthront, which make it easier to start
the cryptocurrency aspect that is clearly spurring a lot of interest in the company
At the time, 1 million users waitlisted for access in just the five days after Robinhood Crypto was announced
Robinhood has premium services like Robinhood Gold, where the company can find additional ways to generate revenue that offset the
requirements of running a system that allows users to trade stocks for free
Robinhood has raised $539 million to date, as diving into financial services can be an expensive prospect, as well as getting enough users
tuned to a younger generation that wants an easier way to get into investing without needing a big balance to invest
Most of our customers engage in more of these buy and hold accumulation strategies
There are customers that deposit money regularly twice or once a month and then buy stocks as soon as those deposits come in
getting into Bitcoin trading)
