Bitcoin
Bitcoin (BTC)
$83,047.00 -1.56129
Bitcoin price
Ethereum
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$1,888.93 -2.78616
Ethereum price
BNB
BNB (BNB)
$600.95 -2.24786
BNB price
Solana
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$126.95 -6.13368
Solana price
XRP
XRP (XRP)
$2.30 -4.50733
XRP price
Shiba Inu
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$0.0000132 2.94829
Shiba Inu price
Pepe
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$0.0000065 -10.49766
Pepe price
Bonk
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$0.0000104 -5.82336
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dogwifhat
dogwifhat (WIF)
$0.466576 -7.34118
dogwifhat price
Popcat
Popcat (POPCAT)
$0.184067 -7.79786
Popcat price
Bitcoin
Bitcoin (BTC)
$83,047.00 -1.56129
Bitcoin price
Ethereum
Ethereum (ETH)
$1,888.93 -2.78616
Ethereum price
BNB
BNB (BNB)
$600.95 -2.24786
BNB price
Solana
Solana (SOL)
$126.95 -6.13368
Solana price
XRP
XRP (XRP)
$2.30 -4.50733
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000132 2.94829
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000065 -10.49766
Pepe price
Bonk
Bonk (BONK)
$0.0000104 -5.82336
Bonk price
dogwifhat
dogwifhat (WIF)
$0.466576 -7.34118
dogwifhat price
Popcat
Popcat (POPCAT)
$0.184067 -7.79786
Popcat price
Bitcoin
Bitcoin (BTC)
$83,047.00 -1.56129
Bitcoin price
Ethereum
Ethereum (ETH)
$1,888.93 -2.78616
Ethereum price
BNB
BNB (BNB)
$600.95 -2.24786
BNB price
Solana
Solana (SOL)
$126.95 -6.13368
Solana price
XRP
XRP (XRP)
$2.30 -4.50733
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000132 2.94829
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000065 -10.49766
Pepe price
Bonk
Bonk (BONK)
$0.0000104 -5.82336
Bonk price
dogwifhat
dogwifhat (WIF)
$0.466576 -7.34118
dogwifhat price
Popcat
Popcat (POPCAT)
$0.184067 -7.79786
Popcat price
Bitcoin
Bitcoin (BTC)
$83,047.00 -1.56129
Bitcoin price
Ethereum
Ethereum (ETH)
$1,888.93 -2.78616
Ethereum price
BNB
BNB (BNB)
$600.95 -2.24786
BNB price
Solana
Solana (SOL)
$126.95 -6.13368
Solana price
XRP
XRP (XRP)
$2.30 -4.50733
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000132 2.94829
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000065 -10.49766
Pepe price
Bonk
Bonk (BONK)
$0.0000104 -5.82336
Bonk price
dogwifhat
dogwifhat (WIF)
$0.466576 -7.34118
dogwifhat price
Popcat
Popcat (POPCAT)
$0.184067 -7.79786
Popcat price

Robinhood stock dips 8% as CEO Tenev remains bullish on crypto trading

Jayson Derrick
Edited by
Interviews
Robinhood stock dips 8% as CEO Tenev remains bullish on crypto trading

Robinhood’s stock declined on Feb. 25, but chair and CEO Vlad Tenev remains confident.

In an interview on “Bloomberg Crypto” with Sonali Basak and Tim Stenovec, Tenev said, “The business has been doing tremendously well.” He pointed to strong fourth-quarter 2024 results, highlighting a record $1 billion in revenue and $50 billion in customer deposits for the year.

When asked about the market correction tracked by Bloomberg’s Magnificent Seven index, Tenev suggested the dip was temporary. Last week’s post-earnings rally faded into today’s broader market downturn, with Bitcoin (BTC) slipping below $87,000.

Robinhood shares fell by 8%, closing at $45.92 but still up 16% since the start of the year. The stock dip followed a wider market slump, but Tenev did not attribute it to any specific cause beyond normal fluctuations.

Despite the decline, Tenev remains optimistic about user engagement. “Our customers…have a long-term perspective on these things,” he said, noting that many see market declines as opportunities to buy technology stocks and cryptocurrencies like bitcoin at lower prices.

Trading stays active

Tenev also noted that volatility benefits Robinhood. Active traders continue using tools like the new Robinhood Legend platform, which has generated $50 million in annual revenue since its launch. As major technology stocks enter correction territory, this trading activity could support steady revenue growth for the platform.

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