Robinhood, Coinbase find sanctuary in interest income amid market rout
Source: Reuters
Nov 1 (Reuters) - For U.S. online trading companies an often-overlooked financial metric could act as a bulwark against softening demand in the third quarter, according to analysts.The U.S. Federal Reserve's rate hikes are expected to drive up interest income for commission-free brokerage Robinhood Markets Inc () and cryptocurrency exchange Coinbase Global Inc ()."While rates were low and crypto markets were hot,…