Big news in the world of cryptocurrency! Robinhood, a popular app for buying and selling stocks and crypto, is doing really well. Analysts predict a huge jump in its crypto trading profits this year, possibly even four times higher than last quarter!
- Robinhood's crypto trading revenue is expected to increase dramatically.
- This is partly because more people are using the app to buy and sell cryptocurrencies.
- Another company, Coinbase, which is also big in crypto trading, might also have great earnings based on Robinhood's success.
| Company | Revenue increase | Stock price change (past year) |
|---|---|---|
| Robinhood (HOOD) | 440% (estimated) | +370% |
| Coinbase (COIN) | Possibly Very Large | +90% |
Cryptocurrencies are like digital money. Think of Bitcoin or Ethereum as special kinds of digital money, like virtual coins that can increase or decrease in value.
