Citizens JMP director of financial technology research Devin Ryan joins Market Domination to discuss how trading platform Robinhood (HOOD) may perform as interest rates continue to ease.

"I think that the market is looking at Robinhood as actually a firm that could get hurt a little bit by lower rates. And the reason being is that some of the assets will reprice. They have a lot of corporate cash. They have a lot of customer cash on the balance sheet. They have margin balances. All those will come down a little bit in pricing," Ryan tells Yahoo Finance.

He notes that during last quarter's earnings call, Robinhood said that a 25-basis-point interest rate cut amounts to a $40 million impact on the company.

On the other hand, Ryan lays out some positive offsets. "Margin balances are going to accelerate quite a bit because risk-on behavior is going to have people take out more margin. Securities lending, when capital markets pick up, generally that recovers. That's an area that I actually think will largely offset that even $40 million that I just mentioned."

Ryan concludes, "I think people are looking at it as they're going to get hurt by lower rates. I'd actually argue they're going to be able to withstand them pretty well."

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This post was written by Melanie Riehl