Robinhood Crypto Revenue Falls 55% as Prediction Markets Support Growth
- —Total net revenue reached about $1.42 billion, up 12% year over year
- —Crypto transaction revenue fell 55% to $120 million; notional volumes dropped 38% to $50 billion
- —Event contracts generated $173 million, more than six times the year-earlier level
- —28.7 million funded customers and about $396 billion in platform assets
Why it matters: The results show brokerage revenue hinges on trading activity and fees, not just asset prices, as speculative crypto turnover cools.
Source: NewsBTC
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