By Dhirendra Tripathi

Investing.com – Robinhood stock (NASDAQ:) rose 2.3% Tuesday as the company said it would roll out a 24/7 phone line in an effort to strengthen its customer support.

According to the company, both cryptos and equities trades will have access to the support phone number. According to the Robinhood company, all requests for assistance must go through the Robinhood app.

On Tuesday, cryptocurrencies prices surged. ()It traded at 4.4% more at 10:30 ET after rising above the $50,000 level, which it hadn’t reached since September 7.

Ethereum and Binance Coin  were up 4% each. Dogecoin gained 7. 

Fed Chairman Jerome Powell’s last week’s comments that the U.S. has no plans to ban cryptocurrencies has provided further impetus to the adoption of digital assets. The cryptos have also shrugged off last month’s warning by the Chinese central bank against trading in cryptos.

Robinhood’s $451 million revenue came from transaction on its platform. At $233million, cryptocurrency was more than half. The company stated that more than 60% Robinhood accounts exchanged cryptocurrencies during the second quarter.

The second-quarter revenue rose 131% to $565million as Reddit traders and everyone else used the platform for trading cryptocurrencies and equities.

However, the company stated that even though many things were in its favor during the second quarter of the year, the company expects to have significantly fewer funded accounts for the third.