HOOD - Retail Investors Dip Their Toes Back Into Crypto But Bull Run Excitement Wanes (CORRECTED) | Benzinga
Editor's note: This story has been updated to correct an attribution to the founder of the Telegram Channel "Make Money With Matt."
In the wake of a tumultuous year for cryptocurrencies, small investors are cautiously making their way back into the market, albeit not with the same fervor as seen in the previous bull market three years ago.
Reports from major U.S. crypto exchanges reveal a significant uptick in activity, Bloomberg reported.
Coinbase Global Inc. (NASDAQ: COIN) saw a 60% increase in net consumer transaction revenue in the fourth quarter compared to the same period last year, with an 80% rise from the third quarter.
Robinhood Markets Inc. (NASDAQ: HOOD), known for its retail user base, reported a 242% increase in crypto notional volumes this December compared to last year.
This resurgence of interest among mom-and-pop traders, who faced substantial losses during the crypto price crash in 2022, seems to be fueled by the excitement around the January launch of U.S. exchange-traded funds (ETFs) that invest directly in Bitcoin (CRYPTO: BTC).
The allure of significant gains, despite the notorious volatility of cryptocurrencies, ...