Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: Btceth01 on July 03, 2021, 11:30:20 PM
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Online trading app Robinhood has revealed that a substantial decline in the demand for the meme cryptocurrency Dogecoin (DOGE) could pose a risk to its business. In its S-1 securities registration form for initial public offering (IPO) filed with the Securities and Exchange Commission (SEC) on Thursday, the company said that a significant portion of its revenue in the first quarter of 2021 is due to high demand in Dogecoin transactions.
The zero-commission trading app currently supports the buying and selling of seven crypto assets, including Bitcoin (BTC) and Ethereum (ETH). Still, the document shows that 34% percent of the company’s cryptocurrency transaction-based revenue was generated by the Shiba Inu themed crypto asset.Source (https://cryptonews.net/949981/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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Very informative article, thank you for the information, all the best
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I doubt Robinhood claims because every crypto is bound to either go up or down at separate intervals. Dogecoin had a very huge heap for it's pumps late last year and early this year, 2021, so I don't think it is a yardstick to say that dogecoin poss a risk to his business. Every coin/token has it seasons most times and for the fact that prices are no longer going as expected, meant that dogecoin poses a risk to his business.
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Robinhood feels threatened by the safety of its funds by trading DOGE ?
Hallows ! Come on man !
I'm sure Robinhood doesn't really know how DOGE coins work !
If I were the CEO of an Exchange company, I would allow DOGE coins to be traded because this DOGE coin is really very good for him to take advantage of trading fees and transaction fees.
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This news could be good marketing for Robinhood.
Simply put, Robinhood is telling bad things to the Doge coin.
After the bad news followed by good news for the Doge coin and Boooooommmm Robinhood trending topic.
It seems that this is a marketing trick from Robinhood to make Robinhood exchange famous from the Doge coin news.
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This safe protect statement form Cobinhood for DOGE coin , and this is normal in cryptocurrencyspace.
A very confusing position for the Cobinhood exchange because Cobinhood also doesn't want the project to fail because of the DOGE coin.
So when Cobinhood issued a statement that this DOGE coin was very dangerous for its business, it was certain because this DOGE was targeted by hackers.