Online brokerage Robinhood posted record second-quarter revenue and earnings, though cryptocurrency transaction revenue fell 38% from a year earlier.

According to the company’s earnings report on Wednesday, revenue increased 32% year over year to $1.31 billion, while its net income rose 48% to $573 million.

The company reported that cryptocurrency transaction revenue fell to $100 million from about $160 million a year earlier. Separately, it recorded $40 billion in crypto trading volume during the quarter, including $18 billion on the Robinhood app and $22 billion from Bitstamp, the crypto exchange it acquired in June 2025.

During the quarter, Robinhood continued expanding its digital asset business, launching the public mainnet of…