Robinhood Markets (NASDAQ: HOOD) is rapidly closing the gap with its competitor, Coinbase (NASDAQ: COIN), in the retail cryptocurrency trading space, as Bitcoin rallies toward $100,000.
Robinhood (NASDAQ:HOOD) has outlined an ambitious vision for the next decade during its investor day on December 4, emphasizing near-term product enhancements and long-term geographic expansion.
Coinbase Global gained 2 percent as cryptocurrencies witnessed a recovery after a highly volatile session on Monday. Bitcoin, Ethereum and Solana faced massive selling pressure at higher levels.
Cathie Wood’s ARK Invest has made a notable move by purchasing approximately $2.2 million worth of Coinbase (COIN) stock, marking its first acquisition of the crypto exchange shares since September
As major fintech companies like Robinhood Markets and Revolut explore issuing their own stablecoins, the sector is poised for disruption amid tightening European regulations.
