Robinhood now makes more money from predicting the future than trading crypto
AI summary
Robinhood's crypto trading revenue fell year over year, but the company offset that decline with $173 million in event-contract revenue and record total revenue of $1.42 billion. The shift shows a retail brokerage diversifying away from crypto trading as a profit driver. Traders watching crypto-linked equities should note that Robinhood's crypto exposure is now a smaller part of its earnings mix.
