But services that help consumers trade may need to revamp their models over time to ensure long-term income.
With Coinbase direct registration behind us and the Robinhood IPO ahead is an exhilarating time for consumer-centric trading applications.
Mix up the imminence Start of eToro under the direction of SPAC, general optimism in the cryptocurrency space, record highs for some stock markets and recent cycles of Public.com, M1 Finance and UK based Free exchange, and you might be excused for expecting the boom in consumer asset trading to continue to rise and to the right.
But will it be? There is data both ways. While recent information could indicate that some of the more lucrative business activities at companies like Robinhood may be slowing, there is also encouraging information on app downloads that paint a more optimistic picture of the sustainability of the interest boom. consumers regarding saving and investing, which The Exchange has had an eye on for some time.
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Our question today is: How optimistic are companies in the industry about continued consumer interest in stocks and other asset transactions? And why? We will also ask similar questions to their supporters.
We have compiled notes from Accel’s Sameer gandhi on opinions regarding Public as one of its supporters and Index Jan Hammer about Robinhood and its market, as well as comments from Public.com and M1 Finance on what they see regarding the commercial interest of consumers going forward. The thoughts of Robert Le, senior analyst of emerging technologies at PitchBook, wrap things up.
We’ll start with a brief overview of some data to help us determine where consumer trade demand seems to be today, and then what the ring companies and their supporters are thinking. We’ll end with a roundup of all the perspectives to arrive at hype-adjusted expectations for the remainder of 2021.
Bullish data, bearish data
Coinbase executed its direct listing at the back of one of the most impressive quarters we’ve ever seen in trading results, meaning it started trading when it was about as good than a business. Will it be the same for Robinhood and company?