Robinhood's crypto revenue falls 55% year over year but beats Wall Street estimates

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Robinhood reported that its crypto revenue dropped 55% compared with the previous year, reflecting a 38% decline in crypto trading volume. Despite the drop, the figure exceeded analysts' forecasts. The company said its broader blockchain-related business showed growing momentum. The results highlight how weaker trading activity hit the brokerage's crypto earnings even as other segments gained ground.

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