Robinhood crypto revenue falls 55% year over year but tops Street estimates
- —Crypto revenue fell 55% year over year
- —Crypto trading volume dropped 38% from year-ago levels
- —Crypto results still topped analyst forecasts
- —The company's blockchain business gained traction
Why it matters: Weakening retail crypto activity is pressuring transaction revenue, but Robinhood's blockchain expansion is helping offset the decline.
Source: CoinDesk