Robinhood Sinks 7% as Crypto Slump and Tighter Spreads Overshadow Record Prediction Markets Quarter; Interactive Brokers Edges Higher, Webull Barely Budges

Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms

Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase, Robinhood, and Strategy.