Robinhood announced its third-quarter performance, with cryptocurrency trading volume increasing by 112% year-over-year to $14.40 billion, and trading revenue rising by 72% to $319 million. Assets under custody grew by 76% year-over-year to $152.20 billion. Earnings per share were $0.17.

PANews reported on October 31 that according to The Block, U.S. brokerage firm Robinhood has released its third-quarter performance report, which shows that despite a slowdown in annual trading volume, retail traders remain highly interested in cryptocurrencies. The cryptocurrency trading volume on the Robinhood platform increased by 112% year-on-year to $14.40 billion in the third quarter (though it decreased compared to the previous two quarters), while its stock trading volume grew by 65% to $286.20 billion.

Robinhood's trading revenue increased by 72% compared to the same period last year, reaching $319 million, with cryptocurrency trading revenue at $61 million (up 165%), options trading revenue at $202 million (up 63%), and stock trading revenue at $37 million (up 37%). Despite the growth, cryptocurrency revenue decreased from $81 million in the previous quarter.

The company's assets under custody (AUC) grew by 76% year-on-year to $152.20 billion, thanks to ongoing net deposits and rising valuations of stocks and cryptocurrencies. Robinhood reported earnings per share of $0.17 for the third quarter, reversing a loss of $0.09 per share from the previous year. Quarterly revenue was $637 million, slightly below the expected $650.67 million.

Robinhood's Q3 cryptocurrency trading volume increased to $14.40 billion, with trading revenues rising by 72%.