Robinhood Reports $61M in Q3 Crypto Revenue: Revenue Up But Shares Fall

TLDR: Robinhood reported 165% growth in crypto revenue to $61 million in Q3 Overall revenue grew 36% year-over-year to $637 million Assets Under Custody increased 76% to $152.2 billion Company shares dropped 11% despite strong crypto performance Growth initiatives reduced Q3 net revenue by $27 million Despite recording substantial growth in its cryptocurrency operations, Robinhood [...] The post Robinhood Reports $61M in Q3 Crypto Revenue: Revenue Up But Shares Fall appeared first on Blockonomi.