Robinhood Chain Adds $26 Million to Q3 Crypto Revenue
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Robinhood reported $120 million in third-quarter crypto revenue, with $26 million from Robinhood Chain helping offset declines elsewhere in the business.
Robinhood’s third-quarter crypto revenue reached $120 million, including a $26 million contribution from Robinhood Chain, according to The Defiant.
Revenue from the network helped counter a downturn in Robinhood’s other crypto revenue streams. Its contribution accounted for roughly 22% of the quarterly crypto total.
Despite that support, Robinhood’s company-wide revenue and earnings came in below consensus estimates compiled by MarketBeat.
Source: The Defiant
