Robinhood Q3 Crypto Revenue Surges to $268 Million

Robinhood Markets reported a significant rebound in its third quarter, with crypto-related revenue surging to $268 million, representing a year-on-year increase of over 300%. Total net revenues reached $1.27 billion, driven by strong performance across crypto, options ($304 million), and equities ($86 million), leading to transaction-based revenues climbing 129% to $730 million. The company also saw growth in funded accounts, reaching 26.8 million, and net income rose 271% to $556 million. Market reaction was mixed, as some analysts noted crypto revenue missed Wall Street expectations, although options revenue surpassed estimates. Community commentary varied, with some praising Robinhood's diverse product range while others criticized high spreads and poor execution for larger portfolio holders. Robinhood confirmed ongoing compliance with SEC requirements and plans to introduce more crypto products and expand internationally.

(Source：BeInCrypto)