Bitcoin (CRYPTO: BTC) has soared above the $44,000 level for the first time since April 2022 and Robinhood Markets Inc (NASDAQ: HOOD) is benefitting.
What To Know: Wednesday on CNBC's "Squawk Box," Robinhood co-founder and CEO Vlad Tenev provided some insights on the recent surge in Bitcoin.
"I think a lot of people have forgotten that Robinhood is a major player in the cryptocurrency industry," Tenev said.
Robinhood's approach to crypto trading is to make sure customers feel they are getting a great experience and are getting good deals on crypto purchases. The company has done a lot of work to make sure customers have access to competitive spreads and it's seeing results.
Crypto trading volumes on Robinhood were up 75% in November compared to October and customers ...