Analyst Warns of Robinhood’s ‘High Concentration Risk’ on Dogecoin ($DOGE) Crypto Trading Volume

Commission-free trading platform Robinhood has started facing scrutiny over its heavy reliance on meme-inspired cryptocurrencies, with one analyst suggesting the platform has “high concentration risk in Dogecoin for crypto trading volume and transactions revenue growth.” The platform embraced the meme-inspired cryptocurrency during the 2021 cryptocurrency market boom and quickly became a major trading platform for

Source: CryptoGlobe