Forecast Trend Report by Period
Robinhood Markets Inc.’s cryptocurrency business contracted sharply in the first quarter.
The Block reported on April 28 that Robinhood’s first-quarter crypto revenue fell 47% from a year earlier to $134 million. Crypto trading volume dropped 48% to $24 billion over the same period, roughly halving from a year earlier.
The decline extended a downturn that has persisted since late 2025, signaling a shift in a revenue structure that had relied heavily on crypto trading.
Overall transaction-based revenue, however, increased. Robinhood reported first-quarter transaction revenue of $623 million, up 7% from a year earlier, driven largely by a 320%…
