RE:RE:Robinhood has 18 million accounts
uppermost10 wrote: Thanks for this link and comments.
Praknash indicated that he is looking at 2 million accounts as the potential customers from among the 7 million customers as a realistic goal in the next 1-2 years. Likely a conservative figure. Of course he also indicated that the sky is the limit with the Gemina platform available to banks to utilize and this is where the greatest margins will be realized. So with a single North American launch we would see tremendous growth potential. In the short term the next 2 years will be the time of substantial growth and so now is the time to be in this space.
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ok, so they will start with 1-2 million in July (this month) and work towards the 7.1 million. Is that your understanding? (I'll have to relisten to the interview again later in its entirety)
At the 15:25 minute mark, Prakash said that all 7.1 million users will be migrated over to the Investopro app. (Not sure of the timeline).