Robinhood Markets, Inc (NASDAQ: HOOD) saw its second-quarter revenue fall 44% on a year-over-year basis but transaction-based cryptocurrency revenue saw a growth.
What Happened: Robinhood, a trading platform popular with retail investors, said in its Q2 earnings release that its transaction-based revenue for cryptocurrencies rose 7% sequentially to $58 million.
In the first quarter, the company had seen cryptocurrency revenue decline 39% to $54 million.
Cryptocurrencies were a bright spot for Robinhood as options transaction-based revenue fell 11% …
Full story available on Benzinga.com