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Robinhood’s Q1 crypto revenue drops 30% from the previous year
First quarter results are in for cryptocurrency and stock trading app Robinhood, with the company reporting a 30% year-on-year revenue drop for its crypto trading business. Released May 10, Robinhood’s Q1 2023 earnings revealed $38 million in crypto trading revenues over the period, dropping from $54 million in Q1 2022. Robinhood’s total net revenues, however, [...]
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