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27 July 2021

Robinhood Warns of Expected Drop in Crypto Revenue - Decrypt

Robinhood Warns of Expected Drop in Crypto Revenue - Decrypt


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In the new filing, Robinhood also revealed that it expects revenues for its third quarter to drop from the previous one as a result of lower trading, especially in its crypto operations.

Robinhood had earlier disclosed that 17% of its Q1 revenue came from crypto trading, and also noted that 34% of this (around 6% of its overall revenue) came from Dogecoin—a situation that led the company to list a decline in demand for Dogecoin as among the financial risks it faced in the future.

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