- Robinhood hits $1.6 billion milestone
- Robinhood expands entry to the UK
Robinhood has continued to keep up a robust report in its onchain efficiency as the brand new blockchain nonetheless retains momentum amid energetic utilization within the RWA ecosystem.
Whereas momentum stays sturdy, Robinhood has continued to see a powerful surge in its RWA switch quantity per the newest information from the Actual-World Asset Basis.
Robinhood hits $1.6 billion milestone
Per the info, Robinhood’s RWA switch quantity has surged massively to $1.65 billion, marking an explosive enhance of three,201.20% during the last month.
Bitcoin Primed for ‘Explosive’ Breakout in New Professional Forecast; Ex-Meta Exec Sparks Buzz Over New XRP Startup; Mining Titan MARA Secures $1.63 Billion Money-Out — Morning Crypto Report
Veteran Dealer Brandt Leans Bearish on Bitcoin’s Subsequent Transfer
Whereas the four-digit surge within the metric is important for the platform, it represents the speedy development within the worth of RWA transfers going down by means of Robinhood.
card
In comparison with its earlier report of about $800 million as of late July, the month-to-month switch quantity is now sitting at round $1.65 billion as of Monday, August 10.
The large enhance inside nearly two weeks indicators Robinhood’s unprecedented development in exercise and the sustained momentum surrounding the Robinhood Chain.
Robinhood expands entry to the UK
Whereas Robinhood has continued to achieve a robust foothold throughout the crypto ecosystem, it is usually shifting nearer to turning into a worldwide crypto buying and selling platform.
Only in the near past, Robinhood launched its crypto buying and selling providers within the UK, increasing its commission-free crypto buying and selling providers to the nation by means of Bitstamp.
Following the event, crypto customers within the UK will have the ability to entry Robinhood’s crypto choices, together with Bitcoin, Ethereum, XRP, Hyperliquid, and different listed tokens.
Additionally, they are going to have the ability to make the most of Robinhood’s present shares and shares ISAs, equities, choices, and futures merchandise, all on the identical platform.