Robinhood Crypto Revenue Plunges 55% in Q3 Despite Record $1.42B Overall Revenue

Robinhood reported record quarterly revenue of $1.42 billion as growth in options and prediction markets offset a sharp decline in cryptocurrency trading, even as the company expanded its blockchain and digital asset businesses. Robinhood Markets (Nasdaq: HOOD) reported a 55% year-over-year decline in cryptocurrency transaction revenue to $120 million during the third quarter of 2026, highlighting continued weakness in its crypto trading business despite broader growth across the financial services platform. According to its Oct. 27 earnings report , cryptocurrency trading volumes fell 38% year-over-year to $50 billion, including $21 billion through the Robinhood app and $29 billion through Bitstamp, the cryptocurrency exchange acquired by Robinhood in June 2025. Those figures represented respective declines of 48% and 28%. The downturn contrasted with the company’s overall financial performance.

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