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    Robinhood’s Crypto Revenue Fell 47% From a Year Ago

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    Robinhood’s Crypto Revenue Fell 47% From a Year Ago

    Robinhood’s second-quarter crypto revenue was $31 million, falling 47% from a year ago amid lower trading activity in the crypto market.

    • Crypto revenue was in line with the average analyst estimate of $31 million and down 18% from the previous quarter
    • In June, Robinhood announced plans to remove three tokens – Cardano, Polygon and Solana – from its trading platform effective June 27
    • NOTE: Robinhood Shares Slide as Active Users Miss Analyst Estimates

    To contact the reporter on this story:
    Yueqi Yang in New York at yyang492@bloomberg.net

    To contact the editors responsible for this story:
    Sally Bakewell at sbakewell1@bloomberg.net

    Tom …

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