Interesting thought. Is Robinhood that common in the crypto world? I know they support it, but I would have guessed it was an “also” feature rather than a driver.

Crypto was responsible for approximately 35% of Robinhood's revenue in 2021.

The fee structure differs among their offerings, so that doesn't tell you relative popularity.

Nope.

From FY21 10-K filing[1] p. 74, cryptocurrencies represented 23% of total net revenues, or 29.9% of total transaction-based revenues.

[1] https://www.sec.gov/Archives/edgar/data/1783879/000178387922...

Now that Robinhood will let you send your crypto to a hardware wallet, it’s not a bad method for DCAing into a coin of your choice.

I believe the reason for the correlation with crypto market and Robinhoods active user count be the demographics of people who invest heavily in crypto;Gen X, millennials and zoomers. Thoughts ?

Could be. Regardless of age, beginner investors will have an easier time understanding crypto. There’s only one thing to understand, either many people will use crypto or not (adoption increases, increasing the value of the coin). Easy to understand.

Compare that to EPS and Net revenue of Boeings third quarter results and forward guidance.