Robinhood's Crypto Revenue Down 30% Year-Over-Year in Q1

.RobinhoodApp reported cryptocurrency trading revenue of $38 million for Q1 2023, a decline of around 30% compared to $54 million for the year-earlier period. $HOOD shares are higher by nearly 7% early Thursday. By JamieCrawleyCD

The $38 million crypto trading revenue figure in Q1 compares to the $441 million in trading revenue across all of HOOD's businesses, a rise of 47.5% year-over-year. The company also reported holding around $11.

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