Robinhood Announces Third Quarter Earnings: Cryptocurrency Trading Volume Increases to $14.40 Billion, More Than Doubled Compared to the Same Period Last Year

According to Foresight News, The Block reported that Robinhood announced its third-quarter financial report. In the third quarter, the cryptocurrency trading volume grew by 112% year-on-year to $14.40 billion, while stock trading volume increased by 65% to $286.20 billion. Robinhood's trading revenue rose 72% compared to the same period last year, reaching $319 million. Cryptocurrency trading revenue was $61 million, up 165%; options trading revenue was $202 million, up 63%; and stock trading revenue was $37 million, up 37%. Additionally, its assets under custody (AUC) grew by 76% year-on-year to $152.20 billion.

Robinhood Announces Q3 Earnings: Cryptocurrency Trading Volume Rises to $14.40 Billion, Stock Trading Volume Grows by 65%