FILE PHOTO: Robinhood logo and representations of cryptocurrency are seen in this illustration taken December 12, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoTrading app Robinhood Markets is expected to report its highest quarterly revenue in nearly three years, helped by a steady rebound in equity markets and crypto trading.
"In the core business, we saw a significant rebound in volumes this quarter across equities, options and crypto with total volumes up nearly 20 per cent in Q1 through February reported metrics," J.P.Morgan analysts said. Net interest revenue, the biggest driver of the company's top line, is expected to jump 24 per cent to $258.24 billion in the first quarter, according to LSEG data.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia's first spot bitcoin, ether ETFs start trading in Hong KongHONG KONG: Hong Kong on Tuesday (Apr 30) launched trading of Asia's first spot bitcoin and ether exchange-traded funds (ETFs), moving forward in the city's race to become a regional virtual asset investment hub.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Glencore foresees trading earnings surge to $4.08b-$4.76bpstrongThe company expects trading gains from higher interest rates./strong/p pGlencore expects its trading division to benefit from higher interest rates, possibly leading to full-year marketing earnings before interest and taxes (EBIT) between $4.08b and $4.76b (US$3.0b-US$3.5b).
Source: SBRMagazine - 🏆 13. / 51 Read more »
SGX FX rolls out AI tool for enhanced FX trading decisionspstrongThe tool curates FX and digital assets price and trade data./strong/p pSGX FX, through MaxxTrader, has rolled out an AI tool that helps financial institutions make faster and more informed foreign exchange (FX) trading decisions.
Source: SBRMagazine - 🏆 13. / 51 Read more »