Why Robinhood Markets Plunged on Monday

The crypto and options-focused brokerage plunged in sympathy with cryptocurrencies.Shares of new-aged online brokerage Robinhood Markets (HOOD 10.21%) fell hard on Monday, down 8.7% as of 1:00 p.m. EDT.There wasn't any company-specific news today, but the online brokerage was down in line with the weekend decline in Bitcoin (OTC: BTC) and other cryptocurrencies, which trade 24/7. Robinhood has a higher-than-average percentage of its customers trading cryptocurrencies compared to other assets, and its users ...