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Robinhood’s Q2 crypto volume jumps 32% as firm pushes tokenization, Bitstamp deals

From theblock.co

Robinhood Markets reported second-quarter financials on Wednesday afternoon, a period in which the brokerage doubled down on its long-term crypto ambitions. Robinhood's crypto trading volume rose 32% year-over-year to $28 billion. Transaction-based cryptocurrencies revenue rose 98% to $160 million in the second quarter. In its first-quarter earnings print, Robinhood (ticker HOOD) reported crypto trading volume of $46 billion, as well as $252 million in crypto-related transaction-based revenue. "We delivered strong business results in Q2 driven by relentless product velocity, and we launched tokenization—which I ... (full story)

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