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News Explorer — Robinhood Expected to Show Decrease in Crypto Revenue

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Apr 29, 3:12 pm

Coindesk

Robinhood Expected to Show Decrease in Crypto Revenue

JPMorgan analyst Kenneth Worthington predicts a decrease in Robinhood's cryptocurrency trading volumes for the first quarter of this year, following a remarkable 700% surge in revenue in the previous quarter. Despite a strong retail buying activity in early April, the overall performance may be impacted by softer demand for margin and derivatives trading.

JPMorgan analyst Kenneth Worthington predicts a decrease in Robinhood's cryptocurrency trading volumes for the first quarter of this year, following a remarkable 700% surge in revenue in the previous quarter. Despite a strong retail buying activity in early April, the overall performance may be impacted by softer demand for margin and derivatives trading.

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