Robinhood's Q3 cryptocurrency-related revenue fell by 55% year-on-year and plans to expand cryptocurrency trading to the EU in the coming weeks
ChainCatcher news, Robinhood's third-quarter earnings report shows that Robinhood's revenue related to cryptocurrency technology in the third quarter was $23 million, a year-on-year decrease of 55%. Additionally, Robinhood plans to launch cryptocurrency trading in the EU in the coming weeks.
Earlier reports indicated that in June, Robinhood terminated support for all tokens named as securities in the SEC's lawsuit against Binance and Coinbase. The trading platform currently offers trading for 15 different cryptocurrencies, including BTC, ETH, DOGE, and AVAX.
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