A Long, Strange Trip for the ‘Uber for Nurses’Read more

Robinhood Co-Founder and CEO Vlad Tenev. Photo by Bloomberg.
Crypto Global
crypto

Robinhood’s Crypto Doldrums; NFT Fyre Festival

Photo: Robinhood Co-Founder and CEO Vlad Tenev. Photo by Bloomberg.

Robinhood’s latest financial results show that the crypto winter isn’t thawing anytime soon, at least when it comes to trading.

The stock and crypto trading app generated $361 million in revenue in the third quarter, essentially flat versus the same period last year. Crypto trading revenue was flat too, coming in at $51 million. Overall trading-based revenue including for stocks and options tumbled 22% to $208 million.  

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