Robinhood’s Crypto Revenue Soars, But CFO Warns Against Digital Asset Treasury Trend

Robinhood experienced a significant boost in crypto revenue during the third quarter, with trading revenue skyrocketing over 300% compared to last year. However, despite this success, Robinhood remains cautious about transitioning into a digital asset treasury (DAT) firm, according to its CFO, Jason Warnick. He explained that adding crypto assets directly to the company’s balance sheet would tie up capital that could be better utilized elsewhere.