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Crypto Trades Fuel Revenue Growth at Robinhood

In its first earnings report since its July initial public offering, stock-trading app Robinhood posted revenues of $565 million in the second quarter, more than double the same period the year prior. Fueling revenue growth is the company’s cryptocurrency trading business. Crypto trades represented $233 million of Robinhood’s $451 million in transaction-based revenue. Meanwhile, Robinhood’s...

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