Robinhood (NASDAQ:HOOD) is on track to become the leading cryptocurrency investment platform in the future, according to a new Bernstein report.
What Happened: In its “Crypto Investing Guide” for October, Bernstein analysts highlight Robinhood’s competitive advantage in the cryptocurrency sector, thanks to its diverse offering of 15 crypto tokens, representing 70% of the market cap.
Robinhood’s younger user base, with a median age of 34, positions the platform to capitalize on the increasing wealth of millennials, who …
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