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InvestmentsRobinhood quarterly revenue jumps on crypto trading boost By Reuters

Robinhood quarterly revenue jumps on crypto trading boost By Reuters

¬© Reuters. FILE PHOTO: The emblem of Robinhood Markets, Inc. is seen at a pop-up occasion on Wall Street after the corporate’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly

(Reuters) – Robinhood Markets Inc (NASDAQ:) reported a leap in third-quarter revenue on Tuesday, as cryptocurrency trading helped offset the hit from retail traders turning into much less energetic after a frenzied rally in shares of so-called “meme stocks” earlier this 12 months.

Robinhood, in its second set of outcomes as a public firm, posted complete revenue of $365 million for the quarter ended Sept. 30, in comparison with $270 million a 12 months earlier.

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