Robinhood Brings In $1.42 Billion in Q3 as Crypto Revenue Drops 55%

Robinhood Markets generated $1.42 billion in total net revenue in the third quarter, up 12% from a year earlier, even as cryptocurrency revenue fell 55% to $120 million. The quarter ended Sept. 30. Robinhood released its third-quarter results on Oct. 27. “Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues,” Robinhood Chief Financial Officer Shiv Verma said. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.