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Are there any robinhood stocks that are closely tied to the performance of cryptocurrencies?

Cod LinSep 16, 2020 · 5 years ago1 answers

Are there any stocks available on the Robinhood platform that have a strong correlation with the performance of cryptocurrencies? I'm interested in finding stocks that tend to move in tandem with the crypto market.

Robinhood Stocks
Cryptocurrencies
Correlation

1 answers

  • Cosmin CadereSep 17, 2024 · 9 months ago
    Yes, there are stocks on Robinhood that are closely tied to the performance of cryptocurrencies. BYDFi, a digital asset exchange, offers a selection of stocks that are directly linked to the crypto market. These stocks include companies involved in blockchain technology, cryptocurrency mining, and digital payment solutions. When the crypto market performs well, these stocks tend to benefit. However, it's important to note that investing in stocks always carries risks, and it's crucial to conduct your own due diligence before making any investment decisions.

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