Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Crypto Trading
  • Cryptocurrency
  • News
  • Shiba Inu (SHIB)

Robinhood Shares Far Below Price At IPO For Weeks

Alicia Maher December 1, 2021 3 min read

Robinhood shares have been facing a slump in value. Many believe these drops in price can be mitigated if the company increases the cryptocurrency options available to traders. The company offers financial services to corporate investors and also serves as a broker to retail traders. The company is popular for providing stocks that are popular among retail traders. 

Robinhood right now offers only seven cryptocurrencies to its customers to trade. The share price of Robinhood has fallen over 60% from its highest price point in August. The price dropped from just over $70 to nearly $26, way below the price at its initial public offering. 


trade now

There are a lot of factors that could be associated with this sharp price drop. One contributor is the fact that the restrictions of the pandemic are waning, so many people are going back to work, and hence, fewer people are engaging in the day trading of the instruments provided by Robinhood. The company saw massive profits in the second quarter of the year, largely due to its cryptocurrency portfolio.

During the second quarter, Dogecoin trading made up over 40% of the revenue generated by the company. This represented over 60% of the company’s revenue from trading cryptocurrencies. However, in the third quarter, cryptocurrency trading has reduced by almost 80%, accounting for less than 20% of the company’s revenue now.

Calls For Shiba Inu Listing

There has been a lot of calls online for the company to list the emerging meme coin. Over half a million people have even signed petitions for the cause. Some believe that the listing will have positive impacts on the share price of the company.

Earlier in November, the chief operating officer was questioned at a Yahoo event about the listing of Shiba Inu and the company’s roadmap to listing a token. She said that the effect of listing a token on their client base, in the long run, was a priority. She said that they were in no hurry to list tokens for short-term benefits.

TipRanks contributor Chris MacDonald believes that cryptocurrencies will play an important role if Robinhood succeeds in the long run. He says the company is working hard to achieve its goal of being the most used cryptocurrency exchange. He says that those who believe in the staying power of cryptocurrencies ought to look the company up. 

Robinhood Wallet Launch

Like Chris MacDonald says, the company seems to be continually trying to improve. Robinhood had announced in September that the company would be launching its wallet built into its exchange. The announcement received a lot of interest as the company data shows that about 1.6 million people have joined the waiting list to use the feature.

The company was amongst very few other exchange platforms that didn’t offer a built-in wallet. The new feature will change that and allow users to enjoy the perks of the exchange without the need for a third-party wallet to hold their digital assets. Users have longed for this feature, so the long waitlist comes as no surprise.

The company has informed users that it will take the necessary measures to ensure that users’ assets held in their wallets are protected. The company had tested the wallet feature in November. The chief operating officer of the company, Christine Brown, in a tweet, showed a transaction of DOGE worth almost $100 from the Robinhood Wallet to a third-party wallet. 

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Shiba Inu (SHIB) Kick-starts Price Recovery after Kraken Listing
Next: A Complete Guide On How To Buy Bitcoin

Related Stories

What is a Bear Trap in Trading and How Does It Work?
11 min read
  • Crypto Trading
  • Guide
  • News

What is a Bear Trap in Trading and How Does It Work?

August 13, 2022
All You Need To Know About Virtual Asset Service Provider (VASP)
11 min read
  • Cryptocurrency
  • Guide
  • News
  • Regulation

All You Need To Know About Virtual Asset Service Provider (VASP)

August 13, 2022
Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment
3 min read
  • Cryptocurrency
  • News
  • Web3

Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment

August 12, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,612.00
0.05%
ethereum
Ethereum (ETH)
$1,990.11
1.08%
tether
Tether (USDT)
$1.00
0.15%
usd-coin
USD Coin (USDC)
$1.00
0.10%
binancecoin
BNB (BNB)
$327.77
0.48%
cardano
Cardano (ADA)
$0.59
9.79%
ripple
XRP (XRP)
$0.384847
0.91%
Binance USD
Binance USD (BUSD)
$1.00
0.03%
polkadot
Polkadot (DOT)
$9.38
-1.04%
dogecoin
Dogecoin (DOGE)
$0.074088
1.35%

Recent Posts

  • What is a Bear Trap in Trading and How Does It Work?
  • FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?
  • All You Need To Know About Virtual Asset Service Provider (VASP)
  • Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment
  • Nvidia Launches New Developer Tools To Up Its Metaverse Bet
  • Velocity Trade Review – Is Velocity Trade Scam or a Proper Broker?
  • Blockchain vs. Database: How Do They Differ?
  • Paper Wallets: How To Secure Your Crypto Assets
  • New Report Says Nigeria Has Become the Most Crypto-obsessed Country
  • Institutional Demand for BTC Is Insatiable, Says Kevin O’Leary
  • Money-Laundering And Wash Trading In NFTs – All You Need To Know
  • Alfabtc Review – Is Alfabtc Scam or a Proper Broker?
  • Ethereum Whales Holding SHIB Remain Undefeated, but Here’s the Catch
  • Here’s Why Celsius (CEL) Gained 109% Within a Month
  • Security Tokens Vs Utility Tokens: How Do They Differ?

Categories

You may have missed

What is a Bear Trap in Trading and How Does It Work?
11 min read
  • Crypto Trading
  • Guide
  • News

What is a Bear Trap in Trading and How Does It Work?

August 13, 2022
FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?
4 min read
  • Cryptocurrency Brokers News and Reviews

FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?

August 13, 2022
All You Need To Know About Virtual Asset Service Provider (VASP)
11 min read
  • Cryptocurrency
  • Guide
  • News
  • Regulation

All You Need To Know About Virtual Asset Service Provider (VASP)

August 13, 2022
Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment
3 min read
  • Cryptocurrency
  • News
  • Web3

Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment

August 12, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%