Robinhood Crypto Volumes Double in Q3; October Number Set To Exceed Quarterly-Average At $5B, Says CFO
Robinhood Markets Inc. (NASDAQ:HOOD) reported a twofold surge in cryptocurrency volumes in the third quarter.What Happened: The company released its financials after Wednesday’s closing bell and revealed a cryptocurrency notional trading volume of $14.4 billion, up 112% from last year.Jason Warnick, Chief Financial Officer, said during the earnings call that notional volumes passed the $5 billion mark in October alone, and was set to surpass the third-quarter monthly average.The surge in volumes helped power cryptocurrency-related revenue to $61 million, up 165% year-over-year.The total quarterly revenue came in at $637 million, which missed the analyst consensus estimate of ...Full story available on Benzinga.com
ONLY AVAILABLE IN PAID PLANS
Published by: benzinga
Read full article here: https://www.benzinga.com/markets/cryptocurrency/24/10/41643195/robinhood-crypto-volumes-double-in-q3-october-number-set-to-exceed-quarterly-average-at-5b
- Markets
- Cryptocurrency Revenue
- Hood
- Robinhood
- Cryptocurrency
- Cryptocurrency Volume
- News
- Trading Platform
- Benzinga
- Aniket Verma
- Top
- Business
- United States Of America
