Deep Tide TechFlow News, on December 25, according to FinanceFeeds, Robinhood CEO Vladimir Tenev stated in an interview that although the company is increasingly focusing on its cryptocurrency business, it currently does not plan to hold Bitcoin as an investment. Tenev pointed out that the company's stock price has risen 202% this year, far exceeding Bitcoin's 110% increase during the same period. Holding Bitcoin on the balance sheet could lead investors to view the company as a 'quasi-Bitcoin holding entity,' blurring the positioning of its trading platform.
Bernstein analysts rated Robinhood in November as the most promising 'crypto deregulation trading entity' after Trump's election, forecasting that its cryptocurrency business revenue will grow by 20% by 2025, accounting for 38% of total revenue. The company plans to complete the acquisition of the cryptocurrency exchange Bitstamp in the first half of 2025.
