10-03-2021, 01:39 AM
JP Morgan: Robinhoods Crypto Trading App is Down 78% in Downloads and 40% Less Activ
<!-- SC_OFF --><div class="md"><p>"We do not see growth as sustainable and we question the ability of the company to generate competitive margins" - JP Morgan</p> <p>All in all their crypto trading app downloads fell by 78% compared to last quarter, daily active users are down by 40% in just three months</p> <p>This comes on top of them selling your crypto trading data and being sued for suspected insider trading by their securities officer.</p> <p>We need to continue to spread awareness so people chose the right way of holding their crypto</p> <p>(<a href="https://www.bloomberg.com/news/articles/2021-09-30/robinhood-s-popularity-is-fading-away-with-the-meme-stock-fad">source</a>)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pznyas/jp_morgan_robinhoods_crypto_trading_app_is_down/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pznyas/jp_morgan_robinhoods_crypto_trading_app_is_down/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>"We do not see growth as sustainable and we question the ability of the company to generate competitive margins" - JP Morgan</p> <p>All in all their crypto trading app downloads fell by 78% compared to last quarter, daily active users are down by 40% in just three months</p> <p>This comes on top of them selling your crypto trading data and being sued for suspected insider trading by their securities officer.</p> <p>We need to continue to spread awareness so people chose the right way of holding their crypto</p> <p>(<a href="https://www.bloomberg.com/news/articles/2021-09-30/robinhood-s-popularity-is-fading-away-with-the-meme-stock-fad">source</a>)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pznyas/jp_morgan_robinhoods_crypto_trading_app_is_down/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pznyas/jp_morgan_robinhoods_crypto_trading_app_is_down/">[comments]</a></span>Kind Regards R