Golden Finance reported that investment bank Architect Partners said that cryptocurrency is becoming an increasingly important part of Robinhood's (HOOD) business (cryptocurrency accounts for 20% of Robinhood's total revenue in the first quarter of 2024), and the trading platform continues to expand its digital asset business despite receiving a Wells notice from the U.S. Securities and Exchange Commission (SEC) last month. The Wells notice is a preliminary warning from the U.S. Securities and Exchange Commission, informing Robinhood that regulators have enough information to take enforcement action against it, and the acquisition of Bitstamp expands Robinhood's global influence, ensuring participation regardless of any action taken by the United States.