Online brokerage said on Wednesday that men in Robinhod’s Digital Assets Trading Revenue in the crypto industry were dropped.
Fintech company reported $ 160 million in crypto revenue, a significant decline from $ 252 million recorded in the previous quarter.
Performance was another otherwise a string quarter for another otherwise Fintech company, its net revion rose by 6.5%to $ 989 million,
Robinhode’s Crypto results appeared in the early part of the quarter from market struggles and were muted by retail investors.
Even Crypto prices rebound to hit All-Time High in the second quarter, Robinood’s trading volume fell 39%to $ 28 billion from the first quarter.
In June, the company bets on the development of tokens, even though CEO Vlad Tenav has said that Robinhood plans to discuss its revenue currents beyond Crypto.
‘The biggest innovation’
This number shows low dependence on crypto as earnings from cryptocurrency trading took 16% of their total net revarne below 25% in the first quarter.
In the last decade, Tenev called the “biggest innovation” token “the biggest innovation” in the industry. The tokening of Robinhod enables users in Europe to trade the tokens versions of American stocks.
Crypto Market Maker Wintermute said that Tokenisation Couch Onechain will be the next major driver and he
But it is a market that is Elivedi with a commodity from the choice of supported finance, providing a similar product called Xstocks that can be traded on social cracles and decentralized exchanges on social.
Other Crypto incumbents such as the coinbase and the DEFI protocol onodo finance are also emphasizing to obtain regulatory clearing requested regulators to launch their own property service.
It is part of a comprehensive tendency of crypto-root installations moving in opposite direction of crawling in cryptocurrency in cryptocurks.
great Recession
For Robinhod, the gradual quarterly crypto earnings the sofa from earning, which means that it is occupied in the retail trade market for cryptocurrency.
Nevertheless, Robinhod’s crypto revenue is 98% year-on-year, and its total revenue was 45% in the same period.
In Robinhod, CFO, Jason Warnaic said that the third quarter of the year has strengthened in categories. ,
Osato Avan-Nomayo Our Nigeria is a Defef Carcopy. He covers Defee and Tech. Found a tip? Please contact him (Email protected),
