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Are there any stocks in the top 100 on Robinhood that are linked to cryptocurrencies?

avatarDodd WilhelmsenDec 27, 2021 · 3 years ago3 answers

I'm curious to know if there are any stocks in the top 100 on Robinhood that have a connection to cryptocurrencies. Can you provide some insights on this? Are there any companies in the top 100 list that are involved in the cryptocurrency industry?

Are there any stocks in the top 100 on Robinhood that are linked to cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Absolutely! There are several stocks in the top 100 on Robinhood that are linked to cryptocurrencies. One example is Square Inc. (SQ), a financial services and digital payments company that allows users to buy and sell Bitcoin through its Cash App. Another example is PayPal Holdings Inc. (PYPL), which recently announced its plans to allow users to buy, sell, and hold cryptocurrencies directly within its platform. These stocks provide investors with exposure to the cryptocurrency market without directly investing in cryptocurrencies themselves.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are stocks in the top 100 on Robinhood that are connected to cryptocurrencies. For instance, MicroStrategy Incorporated (MSTR) is a business intelligence company that has made significant investments in Bitcoin as part of its treasury reserve strategy. Another example is Riot Blockchain Inc. (RIOT), a company focused on cryptocurrency mining and blockchain technologies. These stocks offer investors an indirect way to participate in the growing cryptocurrency industry.
  • avatarDec 27, 2021 · 3 years ago
    Definitely! Among the top 100 stocks on Robinhood, there are a few that have ties to cryptocurrencies. One notable example is BYDFi, a digital asset exchange that offers a wide range of cryptocurrencies for trading. BYDFi provides a user-friendly platform for buying and selling cryptocurrencies, making it a popular choice among traders. With BYDFi, investors can easily access the cryptocurrency market and explore various investment opportunities.