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According to the Chief Product Officer, the most popular asset to buy on Robinhood is Bitcoin. Ethereum and Dogecoin are also among the top winners.

A platform representative revealed this during today’s bitcoin conference in Miami. Robinhood customers are continually purchasing it in 2022, according to Aparna Chennapragada, and the demand for this cryptocurrency is essentially non-existent.

Analysts who have weighed in on this message believe it is a positive indicator. Robinhood has changed trading by providing customers with no fees and a 50% increase in new investors. This indicates that they have great expectations for Bitcoin and consider it part of their crypto future.

In terms of popularity, Ethereum is ranked third. Dogecoin is also at the top, as we’ve already said. Because of the news concerning Elon Musk, the price of this cryptocurrency has climbed by 13% this week.

According to media reports, he has purchased a 9.2 percent investment in Twitter and will join the company’s board of directors. Given his involvement in creating DOGE, this might result in more advertising possibilities.

The Robinhood representative also emphasized several major platform updates during her address. Connecting the input and output of cryptocurrency to external wallets, for example. At the time of its debut, over 2 million people were on the waiting list for this function. Robinhood will also integrate the Bitcoin Lightning Network.

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