CHARLES HOSKINSON REITERATES STANCE AGAINST XRP HARASSMENT
Charles Hoskinson, the founder of Cardano, has reiterated his critical stance toward the XRP community, labeling it as toxic and petty.
Hoskinson has consistently faced harassment from the XRP community for over two years, reinforcing his firm stance against them.
There is a clear lack of technical alignment and different market focuses between Cardano and Ripple, the company behind XRP.
A surge in high-value account transfers
Since October 23, when Robinhood began offering a 1% match on transferred brokerage accounts, the platform has seen about $1.1 billion in account transfers. This surge in transfers, especially from larger brokerages like Charles Schwab, Fidelity Investments, and Morgan Stanley’s E*Trade, indicates Robinhood’s growing appeal to a more affluent clientele.
Over 150 account transfers have exceeded $1 million, showcasing the platform’s successful enticement of wealthier investors. This trend is notable, given Robinhood’s previous focus on younger, novice investors and its comparatively smaller size in the brokerage industry.
Despite Robinhood’s assets under custody totaling $94 billion at the end of November, it pales in comparison to giants like Schwab, with $8.2 trillion, and Fidelity and Morgan Stanley, with trillions in assets under administration and total client assets, respectively. However, the influx of high-value accounts highlights the platform’s potential to disrupt the traditional brokerage landscape and appeal to a broader market segment.
Charles Hoskinson, the founder of Cardano, has reiterated his critical stance toward the XRP community, labeling it as toxic and petty.
Hoskinson has consistently faced harassment from the XRP community for over two years, reinforcing his firm stance against them.
There is a clear lack of technical alignment and different market focuses between Cardano and Ripple, the company behind XRP.
A surge in high-value account transfers
Since October 23, when Robinhood began offering a 1% match on transferred brokerage accounts, the platform has seen about $1.1 billion in account transfers. This surge in transfers, especially from larger brokerages like Charles Schwab, Fidelity Investments, and Morgan Stanley’s E*Trade, indicates Robinhood’s growing appeal to a more affluent clientele.
Over 150 account transfers have exceeded $1 million, showcasing the platform’s successful enticement of wealthier investors. This trend is notable, given Robinhood’s previous focus on younger, novice investors and its comparatively smaller size in the brokerage industry.
Despite Robinhood’s assets under custody totaling $94 billion at the end of November, it pales in comparison to giants like Schwab, with $8.2 trillion, and Fidelity and Morgan Stanley, with trillions in assets under administration and total client assets, respectively. However, the influx of high-value accounts highlights the platform’s potential to disrupt the traditional brokerage landscape and appeal to a broader market segment.