Robinhood, Coinbase Find Sanctuary In Interest Income Amid Market Rout

Robinhood allows eligible customers to borrow money to purchase securities and charges interest. For US online trading companies an often-overlooked financial metric could act as a bulwark against softening demand in the third quarter, according to analysts. The US Federal Reserve’s rate hikes are expected to drive up interest income for commission-free brokerage Robinhood Markets Inc and […]

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