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Robinhood posts revenue drop on dampened crypto trading
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fnlondon.comRevenue at Robinhood Markets fell in the third quarter from the previous one, weighed down by a sharp decline in customers’ cryptocurrency trading.
The popular trading app recorded revenue of $365m, a 35% drop versus $565m during the prior quarter. On a year-over-year basis, revenue climbed 35% from $270m in the third quarter of 2020.
Robinhood...
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