Robinhood (Nasdaq: HOOD), which once benefited from crypto trading, is now feeling the market’s pinch as its cryptocurrency revenue in the fourth quarter of 2025 dropped 38 per cent year over year to $221 million.

However, the brokerage platform’s total net revenue increased by 27 per cent to $1.28 billion. Its transaction-based revenue also increased by 15 per cent to $776 million.

Crypto Trading Volume Went Down

The notional trading volume in crypto was $82 billion in the quarter, including $48 billion on Bitstamp. Crypto trading demand on the Robinhood app declined by 52 per cent.

While crypto demand was weak, HOOD revealed that prediction markets are gaining momentum among active traders, with 8.5 billion event contracts traded in the…