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Tuesday

27 July 2021

Robinhood warns a crypto drop is coming amid IPO filing

Robinhood warns a crypto drop is coming amid IPO filing


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Securities and Exchange Commission on Monday, Robinhood reported its trading activity for January and February was "particularly high" but had dropped by the end of the second quarter of 2021.

Robinhood reported its total revenue had experienced a year-over-year growth of more than 123%, from $244 million at the end of the second quarter of 2020 to between an expected $546 and $574 million on June 30.

Robinhood reported more than 9.5 million customers traded roughly $88 billion in crypto in the first quarter of 2021, while it had $12 billion in crypto assets under custody as of March 31.

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cointelegraph.com
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