Summary
- It was reported that Robinhood's stock price has surged by more than 175% so far this year.
- It was stated that Robinhood recorded the highest growth rate among US tech companies.
- Currently, its market capitalization is $91 billion, slightly lower than Coinbase.
The stock price of the US stock and cryptocurrency trading platform Robinhood has surged more than 175% so far this year.
According to CNBC on the 30th (local time), Robinhood’s stock price has increased by about 177% this year. The company with the next highest stock price increase was Palantir Technologies Inc., an artificial intelligence (AI)-based data analytics software (SW) provider, with a 107% rise. CNBC reported, "Excluding newly listed companies this year, these are the highest gains among US tech firms."
Robinhood's stock price also jumped 192% last year. Its current market capitalization stands at $91 billion. CNBC noted that "(Robinhood’s market cap) is just slightly lower than that of Coinbase, a major rival in the cryptocurrency trading market."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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