Robinhood Q2 Transaction Revenues Had A Silver Lining: Cryptocurrencies

Robinhood Markets, Inc (NASDAQ: HOOD) saw its second-quarter revenue fall 44% on a year-over-year basis but transaction-based cryptocurrency revenue saw a growth. What Happened: Robinhood, a trading platform popular with retail investors, said in its Q2 earnings release that its transaction-based revenue for cryptocurrencies rose 7% sequentially to $58 million.