Robinhood

Trading is a concept where someone will do activities to sell and buy goods and services. Buying and selling transactions, then of course there are benefits, such as profits that will be obtained in the form of compensation from buyers to sellers.

This trading activity is usually carried out by various people from several countries that enter international trade. Currently, trading carried out by many people around the world is trading with the concept of finance. The assets traded are usually in the form of stocks and foreign exchange (forex trading).

However, many of them are still thinking about the convenience and ease in the criteria of becoming the broker they want to use. So, many brokerage firms take advantage of this by creating a trading application that can make it easier for traders to trade that can be done anywhere and anytime.

Then, did you know that some applications have decreased in any field on their trading platform? As experienced by one of the trading apps down, Robinhood. Then, how can Robinhood be an application that experiences trading apps down?

We will discuss one - by one,

Robinhood has been known as a trading platform that has provided free transaction fees, but not always this application will continue to be well known. There are times when this application experiences a decline in certain fields or parts.

It is known that Robinhood has experienced a decline in earnings of 78% of the crypto asset market. Why is that so? According to a report that was reported in the third quarter, Robinhood only got the US $ 51 million, while in the second quarter it was greater at the US $ 233 million.

This is because the crypto-asset market experienced a strong rally in the second quarter and experienced a recovery in the third quarter. One of these trading apps down, mainly highlights the price decline on Dogecoin (DOGE), a meme crypto asset that exploded and became popular in early 2021. DOGE has also encouraged users to sign up on the platform.

Simply put, the company has suffered a pretax income loss of US$1.37 billion due to stock-based compensation expenditures from Robinhood's initial public offering in early 2021.

However, you don't need to worry anymore because of the large number of users who join the waitlist to get the Robinhood crypto wallet to be released. This made Robinhood experience a bright spot in the previous difficult quarter. Thus, Robinhood is no longer one of the trading apps down.

Although there are many other trading apps down, Robinhood has gone through this difficult time easily and of course will continue to improve their trading platform to be the best again so that the Robinhood trading platform will always continue to be a favorite choice among traders.

Keyword: trading apps down