Robinhood’s Crypto Revenue Falls Short Despite 300% Growth
Robinhood’s crypto revenue fell short despite 300% growth.
JPMorgan analysts described Robinhood’s third-quarter financial results as solid but lacking in quality. The bank cited the company’s weak revenue from cryptocurrency trading, according to CoinDesk.
According to the report, Robinhood’s total revenue from July to September amounted to $1.27 billion, marking a year-on-year increase of 100%. Revenue from digital assets reached $268 million, growing by more than 300%.
The company reported a…
