Robinhood Raised $2.4 B, Meanwhile DEXes Surge New Highs

by in DeFi News

DEXes January

Last week was intense for the trading app Robinhood. Connected to high demands the app temporarily halted access to some stocks. Users started to accuse the company of manipulation.

Related: Bitcoin miners earned over $1 billion in January

The CEO of Robinhood Vlad Tenev announced on Sunday a $3 Billion margin deposits. The funds aim to help to solve the technical issues the company is facing. In four days, the company managed to raise $2.4 Billion.

As for Decentralised exchanges, January was their biggest month ever. During the last month, DEXes processed over $50 billion in trading volume, which surpasses half the total volume from all of 2020 in January alone.

40% of all trading volume in January belongs to the most popular DEX UniSwap. The price of the platform's native token UNI grew by over 300% since the beginning of 2021. Next comes SushiSwap, which holds 23.3% of the trading volume.