Cryptocurrency15 minutes ago (Aug 22, 2021 08:40AM ET)
Analysts warn of 'acute' Q3 slowdown in Robinhood's DOGE-reliant growth
Robinhood's recent disclosure of the major boost that crypto has contributed to its second-quarter financial earnings is worrying some financial analysts, largely due to the "outsized" role that Dogecoin (DOGE) trading has played.
In an investor note this week, Wolfe Research's Steven Chubak warned that "Robinhood's growth within crypto is nothing short of remarkable, but the outsized contribution from Dogecoin simply cannot be ignored."
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