Three Big Crypto Takeaways From Robinhood’s Quarterly Announcement

In brief

  • In Robinhood’s latest earnings call, the firm’s CEO Vlad Tenev said prediction markets have doubled every quarter since launch, reaching 2.3 billion contracts in Q3.
  • CFO Jason Warnick estimates their crypto take rates remained steady after their Bitstamp acquisition.
  • Tenev said early results in the U.K. and EU show promise as Robinhood ramps its European rollout.

Robinhood’s latest earnings call showed how the company is doubling down on crypto, with rising prediction-market activity, record trading revenues, and plans to expand its platform across Europe.

The reported third-quarter revenue of $1.27 billion represents a 100% year-on-year increase, beating Wall Street forecasts. Transaction-based revenue rose 129 percent to…

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