Robinhood Q1 Crypto Revenue Falls 47% as Shares Drop 9.4%

Robinhood’s Q1 crypto transaction revenue fell 47% to $134 million. Crypto trading volume fell 48% to $24 billion, marking the platform’s third consecutive quarterly decline in crypto transaction revenue. Earnings per share was $0.38 and total revenue was $1.07 billion, while net income rose 3% year over year to $346 million.

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