Robinhood Crypto Revenue Soars 300% as Company Explodes Beyond Just Stock Trading

Robinhood’s Q3 crypto revenue exploded, surpassing analyst expectations by a whopping 300%. The company raked in $268 million, driven by strategic expansions like the acquisition of Bitstamp and entry into prediction markets. This surge underscores Robinhood’s ambitious move toward becoming a multi-asset platform with far-reaching implications for its business strategy and the competitive landscape.