Robinhood Reports Drop in Crypto Trading Volumes, Revenues — Market Talk
Robinhood Markets reports 44% growth in transaction-based revenues, no thanks to cryptocurrency. Within the segment, revenue from cryptocurrency trades fell 38% to $100 million. Total crypto notional trading volumes were $40 billion, including a 35% drop in Robinhood App Notional Volumes to $18 billion. The drop in crypto activity was eclipsed by record highs in equity, option, and event contract volumes. ([email protected])