• Robinhood may include cryptocurrency on its balance sheet

  • Robinhood Crypto COO Christine Brown recently told ULTCOIN365 that the Menlo Park-based financial services company may add cryptocurrency to its balance sheet, following rival Coinbase’s lead.

    Brown also stated that Robinhood was considering the addition of more cryptocurrencies:

    We will not be able to fulfill your request today if you have more than the seven coins that we currently offer. As a result, we are considering expanding our offering to include even more coins so that we can serve as a one-stop shop for crypto customers.

    According to ULTCOIN365, Robinhood announced in October that it would begin gradually rolling out support for cryptocurrency wallets. Its stock is currently up 6% as a result of the news.

    In the second quarter, cryptocurrency accounted for the majority of Robinhood’s transaction-based revenue. Dogecoin alone accounted for 26% of the company’s total revenue in Q2.

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