Robinhood Revenue Falls on a Drop in Crypto Trading
Revenue at Robinhood Markets Inc. fell in the third quarter from the previous one, weighed down by a sharp decline in customers’ cryptocurrency trading.
The popular trading app recorded revenue of $365 million, a 35% drop versus $565 million during the prior quarter. On a year-over-year basis, revenue climbed 35% from $270 million in the third quarter of 2020.
