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Robinhood is likely to include crypto like Coinbase, Tesla, and MicroStrategy on its balance sheet

Chief Operating Officer (COO) Christine Brown recently told Yahoo (Robinhood)! Fund that his Menlo Park-based financial services firm is likely to add crypto to its balance sheet, following in the footsteps of Coinbase, Tesla and MicroStrategy.

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Brown also said that Robinhood is considering listing more cryptocurrencies:

If you have more than 7 coins that we are currently offering, we cannot take that into account today. We are therefore considering adding even more coins to our offer so that we can become a single hub for crypto customers.

As Bitcoinist recently reported in its Daily Crypto News, Robinhood has announced that they will gradually begin rolling out crypto wallet support in October and have ambitions to dig deeper into this billion dollar business.

Cryptocurrencies have become an important part of Robinhood’s business, making up the bulk of its transaction-based revenue in the second quarter. Dogecoin alone contributed 26% of the company’s total revenue in the second quarter.

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Tan Thuy Hoang

According to U.today

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.