Oct ⁠27 (Reuters) – 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…