Robinhood Q1 2026 Crypto Revenue Drops 47% Despite Overall Trading Growth

ChainCatcher report: Robinhood's cryptocurrency business saw a significant decline in performance during the first quarter of 2026. The company reported cryptocurrency revenue of $134 million, a 47% year-over-year decrease; native app cryptocurrency trading volume amounted to $24 billion, down 48% year-over-year. This decline continues the trend that began at the end of 2025, following a 38% drop in cryptocurrency trading revenue in Q4. Robinhood stated in its quarterly report that the acquired Bitstamp platform contributed $42 billion in trading volume, but did not provide year-over-year data. Despite the weakness in its cryptocurrency business, Robinhood’s overall trading revenue increased 7% year-over-year to $623 million, primarily driven by a 320% surge in prediction market revenue. Options revenue rose 8% to $260 million, while stock trading revenue surged 46% to $82 million. The company’s net profit reached $346 million, up 3% year-over-year.