Odaily News Investment bank Architect Partners said that cryptocurrencies are becoming an increasingly important part of Robinhood's (HOOD) business (cryptocurrencies accounted for 20% of Robinhood's total revenue in the first quarter of 2024), and the trading platform continues to expand its digital asset business despite receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC) last month. The Wells Notice is a preliminary warning from the SEC that Robinhood has enough information to take enforcement action against it, and the acquisition of Bitstamp expands Robinhood's global reach, ensuring participation regardless of any action taken by the United States. (Coindesk)