Original Title: “Robinhood, with a Market Value of 70 Billion USD, Lags Behind Hyperliquid in Crypto Trading Revenue”
Author: Eric, Foresight News
In the early hours of April 29th, Beijing time, Robinhood released its financial results for the first quarter after the US stock market closed.
Robinhood’s cryptocurrency-related revenue for the first quarter was 134 million USD, with a notional trading volume within the app amounting to 24 billion USD, representing year-over-year declines of 47% and 48%, respectively.
Although the cryptocurrency trading data declined, Robinhood compensated for the shortfall in other areas. The company’s overall trading revenue for the first quarter increased by 7% year-over-year to 623 million USD, primarily…
