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HomeFinanceRobinhood's First Quarter Crypto Income Drops 30% YoY

Robinhood’s First Quarter Crypto Income Drops 30% YoY

By Forex Crypto Zone

11 May 2023

First quarter outcomes are in for cryptocurrency and inventory buying and selling app Robinhood (NASDAQ:), with the corporate reporting a 30% drop in year-over-year income for its buying and selling enterprise of crypto.

Launched Could 10, Robinhood’s Q1 2023 earnings revealed $38 million in crypto buying and selling income over the interval, up from $54 million in Q1 2022.

Crypto transaction income (darkish inexperienced) for Robinhood Supply: Robin Hood

Robinhood’s crypto in custody (mild inexperienced) posted a quarterly achieve and sits at $12 billion, the identical determine as two years in the past. Supply: Robin Hood

Proceed studying on Coin Telegraph

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