Does that mean trading is more popular than social media now?
Reddit group r/wallstreetbets will allow a limited amount of crypto discussion, as it seeks to accommodate members in the community without detracting from its stock market focus.
The popular trading app offers commission-free trading for Bitcoin, Ethereum and other cryptocurrencies.
The popular trading app has submitted a draft registration statement on Form S-1 with the SEC.
Bitcoin would serve as a hedge against fluctuations in traditional assets.
Retail users have flocked to cryptocurrencies in 2021, with Robinhood reporting an increase in new monthly crypto traders of 15 times last year’s average.
The recent controversy over traditional brokerages restricting stock purchases cast a positive light on tokenized securities and boosted interest in projects like Ravencoin.
But security tokens are not ready to take over the world quite yet.
Robinhood’s reputation has taken a battering lately, but it hopes to regain credibility among the crypto community by introducing cryptocurrency transfers.
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.