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Robinhood reports crypto revenue of $43M
Robinhood reported fourth-quarter earnings on Tuesday. The company’s transaction-based revenues were boosted by its cryptocurrencies revenue, which came in at $43 million. Overall, transaction-based revenues were up 8% year-over-year to $200 million. Monthly active users were down 4% to 10.9 million. The company’s assets under custody also increased to $102.6 billion, a 65% increase year-over-year. The report from Robinhood added that it “plans to explore opportunities to continue growing its customer base outside the US” following its expansion into the UK and EU with the brokerage waitlist launch and the ... (full story)