Robinhood’s crypto revenue fell 55% from last year, but topped Street forecasts
Summary
Robinhood experienced a significant fifty-five percent drop in cryptocurrency revenue compared to the previous year. Despite this annual decline, the financial results managed to exceed analyst expectations. Additionally, trading activity decreased significantly, while the broader digital asset division showed signs of progress.
Crypto trading volume fell 38% from year-ago levels, but the firm's overall blockchain business gained traction.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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