Robinhood Sees Crypto Revenue Plummet Amid Market Decline

Robinhood's Q1 financial results have revealed a decline in the company's cryptocurrency revenue. According to the data, Robinhood's crypto revenue dropped by 47% to $134 million during the first quarter of the year.

The decrease in revenue is mirrored in the global retail crypto activity, which fell 11% year-over-year to $979 billion.