Robinhood Crypto Revenue Plunges 55% in Q3 Despite Record $1.42B Overall Revenue

Robinhood reported record quarterly revenue of $1.42 billion as growth in options and prediction markets offset a sharp decline in cryptocurrency trading, even as the company expanded its blockchain and digital asset businesses. Robinhood Markets (Nasdaq: HOOD) reported a 55% year-over-year decline in cryptocurrency transaction revenue to $120 million during the third quarter of 2026, highlighting continued weakness in its crypto trading business despite broader growth across the financial services platform. According to its Oct.