Robinhood not giving up on crypto despite Q3 crypto revenue slashing 12%

Cointelegraph

Published Nov 03, 2022 02:01AM ET

Updated Nov 03, 2022 04:20AM ET

Crypto and stock trading platform Robinhood (NASDAQ:HOOD) highlighted lagging cryptocurrency revenue in the third quarter of 2022, though the results will do little to dampen its ambition to serve the market, its CEO says.

The trading platform announced its third-quarter results on Nov. 2, with the Robinhood executives pointing to a 12% quarter-on-quarter decrease in Monthly Active Users (MAU) and a 24% quarter-on-quarter drop in notional volume as two of the main drivers behind a 12% fall in crypto revenue, reaching $51 million.

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