Hello there,
Fundamentals:
Robinhood, a multi-asset trading platform, has announced new features for its crypto services, specifically for European customers. The new features include:
1. Crypto-staking product: European customers can now stake their Solana (SOLUSD) holdings and earn rewards with the flexibility to unstake at any time.
2. Localized app versions: Robinhood Crypto will launch localized versions of its app in Italy, Poland, and Lithuania, offering the full range of services in local languages.
The company's VP and GM of Robinhood Crypto, Johann Kerbrat, stated that these new features are designed to boost accessibility and improve user experience, particularly for European customers who have expressed a need for opportunities to earn passive income.
Additionally, Robinhood CEO Vlad Tenev announced that the company has reached $5 billion in equities trading volume, calling it "one of our biggest days in the past 12 months." The company's stock (HOOD) showed positive performance following the news, with a 6.69% increase in price.
Conclusion: Robinhood's recent updates to its crypto services, including the introduction of a staking product and localized app versions, aim to enhance user experience and accessibility for European customers, while also driving growth and momentum for the company.
T.A
The price is up in the overbought RSI region with a potential to pulse up and retrace but within an overall bullish momentum. The 144.19 is the directional bias once the RSI breaks below the level 64.24.
Happy Trading,
K.
Fundamentals:
Robinhood, a multi-asset trading platform, has announced new features for its crypto services, specifically for European customers. The new features include:
1. Crypto-staking product: European customers can now stake their Solana (SOLUSD) holdings and earn rewards with the flexibility to unstake at any time.
2. Localized app versions: Robinhood Crypto will launch localized versions of its app in Italy, Poland, and Lithuania, offering the full range of services in local languages.
The company's VP and GM of Robinhood Crypto, Johann Kerbrat, stated that these new features are designed to boost accessibility and improve user experience, particularly for European customers who have expressed a need for opportunities to earn passive income.
Additionally, Robinhood CEO Vlad Tenev announced that the company has reached $5 billion in equities trading volume, calling it "one of our biggest days in the past 12 months." The company's stock (HOOD) showed positive performance following the news, with a 6.69% increase in price.
Conclusion: Robinhood's recent updates to its crypto services, including the introduction of a staking product and localized app versions, aim to enhance user experience and accessibility for European customers, while also driving growth and momentum for the company.
T.A
The price is up in the overbought RSI region with a potential to pulse up and retrace but within an overall bullish momentum. The 144.19 is the directional bias once the RSI breaks below the level 64.24.
Happy Trading,
K.
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