Oct 27 — Robinhood Markets missed Wall Street estimates for third-quarter profit on Tuesday, ​as slower cryptocurrency trading and higher expenses overshadowed strong activity in options and prediction markets.

Shares of the Menlo Park, California-based company fell 7% in after-hours ‌trading.

The trading platform’s transaction-based revenue from cryptocurrencies fell 55% to $120 million from a year earlier.

Crypto markets have come under ⁠pressure this year amid heightened volatility and ​persistent outflows, as inflationary pressures and ⁠higher interest rates make bonds and other traditional investments more attractive than speculative assets.

Bitcoin, ‌the world’s largest cryptocurrency, has ‌fallen as much as 8% year…