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Predicted that market revenue will overtake cryptocurrency, Robinhood's crypto business revenue wil

2026-07-31 00:59:36
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Robinhood's second-quarter results hit a record high, but the growth did not come from cryptocurrencies.

Robinhood delivered its strongest quarterly results ever in the second quarter, but the growth did not come from the cryptocurrency sector. Cryptocurrency trading revenue fell 38% year-on-year to US$100 million, a sharp decline for the second consecutive quarter, while a business that the brokerage launched later quietly surpassed this sector.

According to the company's after-hours earnings report on Wednesday, total revenue rose 32% year-on-year to US$1.31 billion, and net income rose 48% to US$573 million. Diluted earnings per share were $0.62, higher than the consensus market expectation of approximately $0.42.

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