Crypto
Robinhood crypto revenue falls 38 percent despite record quarterly results
Robinhood posted record second-quarter revenue and net profit, but its cryptocurrency trading revenue fell 38 percent from a year earlier. Revenue rose 32 percent to $1.31 billion and net profit climbed 48 percent to $573 million. Crypto trading revenue came in at $100 million, down from about $160 million a year earlier. Quarterly crypto trading volume totaled $40 billion, split between the Robinhood app and Bitstamp.
