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Robinhood Posts Record Quarter as Crypto Revenue Falls 38%
Robinhood reported record second-quarter revenue and earnings, while cryptocurrency transaction revenue fell 38% despite continued expansion through Bitstamp, Robinhood Chain and tokenized stocks.
Robinhood (HOOD) slides 4% as crypto revenue sharply fell
The brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction markets activity.
Robinhood chain tops $600M in assets, up 50% in a week; yet stock is weak
Robinhood (HOOD) nears Q2 earnings July 29 as Robinhood Chain hits $600M deposits and leads RWA users.
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Robinhood Dips 9% As Crypto Activity Falls Nearly 50% in Q1
Robinhood shares fell nearly 10% in after-hours trading after the company’s $1.07 billion in revenue missed industry expectations, in part due to a sharp decline in crypto revenue.
