Robinhood's third-quarter crypto revenue is $51 million, a 12% decrease quarter-over-quarter

ChainCatcher news, according to the third-quarter financial report released by the stock and cryptocurrency trading platform Robinhood (HOOD), Robinhood's revenue in the third quarter was $361 million, with cryptocurrency revenue in the third quarter amounting to $51 million, a 12% decrease from the $58 million in cryptocurrency revenue in the second quarter.

In addition, Robinhood's monthly active users in the third quarter dropped to 12.1 million, compared to 14 million in the second quarter and 15.9 million in the first quarter. (CoinDesk)