Robinhood Q1 Revenue Up 16%, But Not In Crypto
Robinhood’s interest revenue surged last quarter – but crypto transaction revenue continued to decline.Â
Robinhood News and Updates
Recent Robinhood News
Robinhood Now Lets Users Buy Crypto Directly From Their Personal Wallet (Consensus 2023 LIVE)
Robinhood's Crypto GM suggested the company has partly benefitted from FTX's collapse.
Robinhood to Pay Over $10 Million in Penalties to Numerous US States for Harming Investors
California's DFPI joined other states regulators in the multi-million agreement with Robinhood.
Robinhood Rolls Out Wallet App Worldwide for IOS
Robinhood’s wallet app supports both Ethereum and Polygon, and comes baked in with DeFi and NFT functionality.
SEC Issued Subpoena to Robinhood Over its Crypto Operations
California Attorney General’s office had earlier served a similar subpoena to the trading platform.
Robinhood Crypto Trading Volume Shot Up 95% in January
Robinhood's crypto trading volume surged to $3.7 billion in January 2023, 95% more than in December 2022.
Robinhood Crypto Revenue Drops By 25% Over Last Quarter
Despite a minor overall increase in net revenue and a stellar EBITDA, the trading platform’s crypto revenues have tanked substantially.
SBF’s Holding Company Emergent Technologies Also Files for Bankruptcy
The company owned the disputed 56 million Robinhood shares that were seized earlier this year.
Robinhood’s Twitter Hacked, Used to Promote Scam Token
The unknown hacker used Robinhood’s Twitter account to promote a fake token allegedly created by Robinhood.
DOJ Seizes $470 Million in Robinhood Shares From FTX Executives
Sam Bankman-Fried just lost over $400 million of his Robinhood equity, despite prior objections.Â
