Tuesday, June 25, 2024

Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Buying and selling Income

by Jeremy

The collapse of FTX and the ensuing fallout has a lot of potential implications for Robinhood, the report mentioned. These embrace the potential liquidation of 56.3 million shares owned by FTX founder Sam Bankman-Fried, the removing of FTX as a possible acquirer, and decrease crypto buying and selling income as a result of “substantial value declines and materials deterioration in investor  confidence.

Supply hyperlink

You have not selected any currency to display