Robinhood Markets’ crypto revenue jumped over 300% in Q3, helping to double its revenue from last year to surpass analyst expectations. Trading platform Robinhood Markets saw its third-quarter crypto revenue surge 300% from a year ago, helping to boost its quarterly earnings above Wall Street expectations. Robinhood announced on Wednesday that its Q3 transaction-based revenues increased 129%…
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Robinhood’s tokenization drive on Arbitrum now includes nearly 500 US stock and ETF tokens worth over $8.5 million, as the brokerage deepens its RWA push. Robinhood has expanded its tokenization initiative on the Arbitrum blockchain, deploying 80 new stock tokens in the past few days and bringing the total number of tokenized assets close to…
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The move comes just days after the SEC dropped its investigation into Uniswap Labs. Decentralized exchange Uniswap has entered into a partnership with trading platform Robinhood and a number of payment platforms to facilitate crypto-to-fiat transactions. Starting on Feb. 27, users in more than 180 countries can sell supported crypto assets to deposit funds directly…
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Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter. Robinhood CEO Vladimir Tenev described the recent Securities and Exchange Commission Wells notice as a “disappointing development” during a Q1 earnings call, as the firm posted a 224% increase in…
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