Robinhood Crypto Revenue Soars 300% Amidst DeFi Boom

Robinhood’s Q3 crypto revenue saw an impressive surge of 300%, significantly exceeding expectations and reaching $268 million, according to CEO Vladimir Tenev. This growth is attributed to increased Bitcoin and Ethereum trading activity, fueling Robinhood’s position in the ever-evolving cryptocurrency market. Tenev highlights a strategic focus on expanding into global markets and fostering DeFi expansion, signifying a significant shift within the crypto landscape.