Robinhood’s crypto revenue fell 55% from last year, but topped Street forecasts
Crypto trading volume fell 38% from year-ago levels, but the firm’s overall blockchain business gained traction.
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Summary
- Robinhood’s crypto trading revenue fell 55% year-over-year to $120 million in the third quarter, accounting for just 8.4% of total revenue, down from 21% a year earlier.
- That $120 million, though, was ahead of Street forecasts for $114.1 million.
- Shares were lower by 5% in after-hours trading as overall revenue and EPS missed forecasts.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
