NEUTRAL 45 CoinDesk 1H ago · 1 min read

Robinhood crypto revenue fell 55% from last year but beat Street forecasts

AI summary

Robinhood's crypto revenue dropped 55% year-over-year, with crypto trading volume down 38% from year-ago levels. Despite the declines, the crypto revenue figure beat Wall Street forecasts, and the firm's broader blockchain business showed signs of gaining traction. Traders watching retail crypto participation will read the beat as a modest positive even as the absolute revenue and volume declines confirm weaker retail trading activity.

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1 linked story · 2 outlets · since 27 Oct

1H AGO

Robinhood Crypto Revenue Plunges 55% in Q3 Despite Record $1.42B Overall Revenue

Bitcoin.com News · Score 55 · via Robinhood Revenue, 55%
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Robinhood crypto revenue fell 55% from last year but beat Street forecasts

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