Robinhood cryptocurrency revenue falls 55% in the quarter

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Facts. On October 27, Robinhood reported quarterly cryptocurrency transaction revenue fell 55% year over year to $120 million. Total net revenue rose 12% to $1.42 billion.

Why it matters. The divergence shows how crypto platform revenue can change with market activity.

Rockstar Briefing analysis. Growth in other lines partly offset crypto weakness. One quarter is not enough to conclude that diversification will eliminate volatility.

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