Robinhood Logs a Record 16.4 Billion Event Contracts and Adds a 14th $100 Million Business Line

Robinhood customers traded a record 16.4 billion event contracts in the third quarter, more than seven times the year-earlier count and up from 13.6 billion in the second quarter, the brokerage reported after the market closed on Tuesday, Oct. 27. Rothera , the prediction-market exchange that Robinhood’s joint venture with Susquehanna International Group launched in June, reached more than $100 million in annualized revenue in the third quarter, its first full quarter of operation. That made it the company’s 14th business line at that level. More than 6.4 billion contracts have traded on Rothera since launch. Crypto revenue rose 20% to $120 million from $100 million in the second quarter but was down 55% from a year earlier.

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