Update
Robinhood's Crypto Revenue Declined but Gained in Blockchain Business
Robinhood's crypto trading revenue fell 55% from the previous year, but it topped Street forecasts. Total crypto trading volume dropped 38% to $50 billion, including $21 billion through the Robinhood app and $29 billion through Bitstamp. Despite the decline, Robinhood's overall blockchain business gained traction, with Robinhood Chain processing over $80 billion in decentralized exchange trading volume and generating over $50 million in chain fees. The company's third-quarter EPS was $0.51, below the consensus forecast of $0.55.