Robinhood says it wants to be less reliant on crypto for revenue after 30% slump – DL News
- Robinhood earned $252 million from crypto trading last quarter.
- Crypto trading accounted for more than 25% of the company’s net revenue last quarter.
- Fintechs and crypto shops are vying for mindshare among retail traders.
Robinhood did not escape crypto’s market downturn in the first three months of 2025.
The retail trading platform recorded $252 million in crypto trading revenue between January and March, a 30% decline from the previous quarter. The significant dip tracks the slump that saw the cryptocurrency market dip by an almost equivalent proportion earlier in the year.
Amid the downturn, CEO Vlad Tenev says the company is looking to diversify.
“It’s going to go up and down in terms of trading volume,” Tenev said about crypto…
