Robinhood reports drop in crypto revenue in latest earnings report

Quick Take

  • Robinhood saw its revenue from crypto decrease to $31 million in the second quarter ending June 30, down from $38 million in the previous quarter.

Robinhood’s transaction-based revenue derived from cryptocurrencies dropped 18 percent in the second quarter due in part to fewer customers placing trades, according to the firm’s latest earnings report.

Revenue related to crypto activities fell to $31 million, down from $38 million in the previous quarter, according to the California-based company.  A supplemental report show that the number of customers placing trades fell 6%, while notional volumes per trader dec