Robinhood's cryptocurrency trading revenue increased by 339% in the third quarter.

Robinhood's Significant Increase in Crypto Revenue

Robinhood increased its crypto trading revenue by %339 in the third quarter, reaching $268 million. The company's crypto trading volume during this period was recorded at $80 billion.

Robinhood has also introduced new business areas, launching prediction markets and Bitstamp services. However, despite the company exceeding earnings forecasts for its stocks, it experienced a decline. Year-over-year, the stocks have shown a significant increase.