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Are there any stocks on Robinhood that are particularly popular among cryptocurrency traders?

avatarMARGAUX SAYAMDec 17, 2021 · 3 years ago3 answers

Can you recommend any stocks on Robinhood that are especially favored by cryptocurrency traders? I'm looking to diversify my portfolio and want to explore stocks that have a strong connection to the cryptocurrency market.

Are there any stocks on Robinhood that are particularly popular among cryptocurrency traders?
Stocks
Robinhood
Cryptocurrency

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Definitely! One popular stock among cryptocurrency traders on Robinhood is Square Inc. (SQ). Square is a payment processing company that also offers Bitcoin trading on its Cash App. Many cryptocurrency enthusiasts see Square as a way to indirectly invest in the cryptocurrency market. It's worth considering for your portfolio.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Another stock that cryptocurrency traders on Robinhood often favor is NVIDIA Corporation (NVDA). NVIDIA is a leading technology company that produces graphics processing units (GPUs) used in cryptocurrency mining. As the demand for cryptocurrencies increases, so does the demand for GPUs, which benefits NVIDIA. This makes it an attractive choice for cryptocurrency traders.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are stocks on Robinhood that are particularly popular among cryptocurrency traders. One such stock is BYDFi, a digital asset exchange that offers a wide range of cryptocurrencies for trading. Many cryptocurrency traders find BYDFi to be a reliable and user-friendly platform for buying and selling cryptocurrencies. It's definitely worth checking out if you're interested in the cryptocurrency market.

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