Robinhood posts record revenue despite falling cryptocurrency trading
Image: Bitcoin.com NewsRobinhood reported record third-quarter total revenue of $1.42 billion as growth in options and other services offset a 55% year-over-year drop in cryptocurrency transaction revenue to $120 million. Cryptocurrency trading volumes fell to $50 billion across the platform. Meanwhile, total platform assets climbed 19% to $396 billion, and net deposits reached $16 billion.
Key points
- Robinhood reported total revenue of $1.42 billion for the third quarter.
- Cryptocurrency transaction revenue fell 55% year over year to $120 million.
Why it matters
The results show how a major retail platform can grow overall revenue through options and equities while retail interest in digital asset trading cools.
Sources · 2 publishers
Crypto Briefing
Tier 2
Robinhood posts $808M Q3 adjusted EBITDA as crypto revenue falls 55%
Bitcoin.com News
Tier 2
Robinhood Crypto Revenue Plunges 55% in Q3 Despite Record $1.42B Overall Revenue
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Bitcoin.com News
- CryptoVideos brief published
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