Robinhood Beats Expectations on Surging Revenue, But the Crypto Slump Continues

Robinhood Beats Expectations on Surging Revenue, But the Crypto Slump Continues

Robinhood Markets reported a double digit gain in revenue for the second quarter and beat expectations for profit, but shares were falling after hours. Shares of the mobile trading platform were down 4.4% to $86.37 after initially rising. With a 29% jump in options trading revenue to $342 million, the transactions were able to overcome a 38% drop in cryptocurrencies trading revenue.

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