BTC is Robinhood's most popular asset
According to Robinhood's Chief Product Officer, the most popular asset to buy on Robinhood is Bitcoin. Also in the TOP winners are Ethereum and Dogecoin.
The representative of the platform told this information at the bitcoin conference held today in Miami. According to Aparna Chennapragada, Robinhood users are constantly buying it in 2022, and the demand for this cryptocurrency is practically not falling.
Analysts, commenting on this message, say that this is a good sign. Robinhood has revolutionized trading by offering users zero commissions and 50% new investors among the users. This means that they have high hopes for Bitcoin and associate it with their crypto future.
Ethereum is in third place in terms of popularity. Also in the TOP, as we have already noted, is Dogecoin. This cryptocurrency has risen in price by ⅓ this week, thanks to the news about Elon Musk.
He, as reported in the media, bought a 9.2% stake in the social media Twitter, and will enter the board of directors of this company. Given that he is also involved in the development of DOGE, this could mean additional opportunities for advertising.
During her speech, the Robinhood spokeswoman also highlighted several important platform news. For example, connecting the input / output of cryptocurrencies to external wallets. The waiting list for this feature had +2 million users at launch. Robinhood also plans to integrate the Bitcoin Lightning Network.
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