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Robinhood shares soar +10% after crypto wallet news integration

Robinhood shares mounted up to $46.88 amid news that an online broker will introduce a crypto wallet into the app. Users will be able not only to buy and sell cryptocurrency but also, exchange it and make transactions with blockchain networks. The company previously reported that in the second quarter of this year, half of its revenue came from cryptocurrency trading.

Global Technologies Private Portfolio clients purchased Robinhood shares in July 2020 for $13,82 p/share. The lock-up period is anticipated to end by early December. 

Robinhood shares mounted up to $46.88 amid news that an online broker will introduce a crypto wallet into the app. Users will be able not only to buy and sell cryptocurrency but also, exchange it and make transactions with blockchain networks. The company previously reported that in the second quarter of this year, half of its revenue came from cryptocurrency trading.
Global Technologies Private Portfolio clients purchased Robinhood shares in July 2020 for $13,82 p/share. The lock-up period is anticipated to end by early December.