Robinhood Chain generated $51 million in quarterly fees
- —Tokenized stock trading volume reached $14.05 billion for the quarter
- —Robinhood kept roughly 90% of fees before operating expenses
- —Ethereum settlement fees totaled just $69,170
- —74% of quarterly fees came in a 12-day window from Aug. 30 to Sept. 10
Why it matters: The results show proprietary blockchains can become a major revenue stream for brokerages, though the heavy concentration of fees in a short surge raises questions about sustainability.
Source: CryptoSlate