Robinhood Crypto Revenue Plunges 55% in Q3 Despite Record $1.42B Overall Revenue

Robinhood Markets reported record quarterly revenue of $1.42 billion, but crypto transaction revenue plunged 55% year-over-year to $120 million. Growth in options and prediction markets offset the sharp decline in digital asset trading, while the company continued expanding its blockchain and crypto businesses. The results highlight shifting trader preferences.