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Robinhood Crypto Volumes Double Amid Rising Valuations, HOOD Stock Declines

Robinhood Crypto Volumes Double Amid Rising Valuations, HOOD Stock Declines

Robinhood, the popular trading platform, has seen a significant surge in its crypto trading volumes, which have doubled from the previous year. This impressive growth can be attributed to the increasing valuations of cryptocurrencies, leading to a 76% year-on-year rise in assets under custody for the company. Despite this positive trend in its crypto division, Robinhood’s stock (HOOD) has been experiencing a decline in value.

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