Robinhood Chain to Generate $160M in Annual Fees by 2028: Bernstein
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8 Articles
Robinhood Chain has generated about $33 million in fees in 15 days, compared to $11 million for Solana and $9 million for BNB Chain over the same period. According to Bernstein's note reported by The Block on September 8, the network launched on July 1 now produces between $2 million and $4 million in daily fees. Robinhood would retain about 90% of these costs. For this new branch of its crypto business, the numbers are beginning to become signi…
Key news points: Bernstein analysts project that Robinhood Chain will generate $160 million in annual commissions by 2028, driven by the trading of tokenized shares. Just two months after its launch, the network positioned itself as the leading blockchain for daily commissions, reaching $2.13 million in the last 24 hours according to DefiCalla. AMC Entertainment CEO Adam Aron described Robinhood’s offer of tokenized shares as “scandalous” and an…
Robinhood Chain already generates millions of dollars in commissions and temporarily exceeds Solana and BNB Chain in network revenue, while Bernstein maintains a target price of $160 for Robinhood's shares.
Robinhood Blockchain drives tokenized stock tradingBernstein projects $160 million in annual Robinhood Blockchain fees
Bernstein: Robinhood Chain could earn $160M in annual fees by 2028
Robinhood’s blockchain network could become a major fee generator, with Bernstein analysts projecting up to $160 million in annual fees by 2028. In a report shared with Cointelegraph on Tuesday, the firm linked that outlook to rising activity around tokenized stock trading on the chain. While memecoin-related trading dominated the Robinhood network at launch, Bernstein [...]
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