In the second quarter, Robinhood's prediction market revenue exceeded revenue from cryptocurrency and stock trading, driving total transaction-related revenue up 44% year-over-year to $776 million. Event contracts generated $156 million in revenue, cryptocurrency trading revenue was $100 million, and stock trading revenue was $129 million. Chief Financial Officer Shiv Verma stated that Robinhood set new records in volume for stocks, options, and event contracts. Robinhood’s cryptocurrency notional trading volume reached $40 billion, including $22 billion in notional trading volume from Bitstamp.
Robinhood Q2 market revenue exceeds crypto and stock trading revenue
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Summary
Robinhood’s Q2 trading volume surged, with market revenue exceeding both crypto and stock trading revenue. Total trading-related revenue reached $776 million, a 44% year-over-year increase. Event contracts generated $156 million, crypto trading revenue amounted to $100 million, and stock trading revenue totaled $129 million. Trading activity hit record levels across stocks, options, and event contracts. Robinhood’s crypto trading volume reached $40 billion, including $22 billion from Bitstamp.
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