Robinhood’s Crypto Revenue Fell 47% From a Year Ago

Aug. 2, 2023, 8:47 PM UTC

Robinhood’s second-quarter crypto revenue was $31 million, falling 47% from a year ago amid lower trading activity in the crypto market.

  • Crypto revenue was in line with the average analyst estimate of $31 million and down 18% from the previous quarter
  • In June, Robinhood announced plans to remove three tokens - Cardano, Polygon and Solana - from its trading platform effective June 27
  • NOTE: Robinhood Shares Slide as Active Users Miss Analyst Estimates

To contact the reporter on this story:
Yueqi Yang in New York at yyang492@bloomberg.net

To contact the editors responsible for this story:
Sally Bakewell at sbakewell1@bloomberg.net

Tom ...

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