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Robinhood Q2 Results: Crypto Revenue Up 98% – What’s Driving It?
Robinhood Q2 Results: Crypto Revenue Up 98% – What’s Driving It?
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BTCCSquare news:
Robinhood's second-quarter earnings report revealed a staggering 98% surge in cryptocurrency-related revenue, underscoring the platform's accelerating pivot toward digital assets. The growth coincides with heightened retail trading activity and expanded crypto offerings, though the report did not specify which coins drove the uptick.
Market observers attribute the performance to renewed institutional interest in Bitcoin and ethereum ETFs, alongside meme coin speculation that has characterized 2024's trading volumes. The absence of exchange-specific data leaves open questions about whether the revenue stems from Robinhood's internal order flow or broader industry tailwinds.
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