Robinhood Reports Record Quarter but Faces 38% Decline in Crypto Revenue
Robinhood reported a record quarter with $100 million in cryptocurrency trading revenue, but this marks a 38% decline year-over-year. Despite the overall success, the drop in crypto revenue led to a 4% decrease in its stock price after hours. The company continues to innovate with new digital asset offerings, yet the crypto sector's overall transaction revenue is declining.
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Robinhood posts record quarter, but crypto revenue slides 38%
The online brokerage continued expanding its digital asset business with Robinhood Chain, tokenized stocks and decentralized lending even as cryptocurrency transaction revenue declined.
Robinhood shares drop 4% after crypto trading revenue falls to $100M
Robinhood stock fell 3% after hours despite record quarterly revenue and earnings as crypto trading revenue declined 38% to $100 million. The post Robinhood shares drop 4% after crypto trading revenue falls to $100M appeared first on Crypto Briefing .
Robinhood slides 4% despite earnings beat as crypto revenue cools
The brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction markets activity.


