{"id":96606,"date":"2026-04-29T14:49:41","date_gmt":"2026-04-29T11:49:41","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96606"},"modified":"2026-04-29T16:48:15","modified_gmt":"2026-04-29T13:48:15","slug":"robinhood-reports-sharp-decline-in-cryptocurrency-revenue","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robinhood-reports-sharp-decline-in-cryptocurrency-revenue\/","title":{"rendered":"Robinhood Reports Sharp Decline in Cryptocurrency Revenue"},"content":{"rendered":"

In the first quarter of 2026, Robinhood’s revenue from cryptocurrency operations dropped<\/a> by 47% to $134 million. Trading volume nearly halved to $24 billion, marking a 48% decrease from the previous year.<\/p>\n

The decline has been ongoing since the end of 2025. In February, the company had already reported a 38% drop in crypto revenues for the fourth quarter.<\/p>\n

The exchange Bitstamp, acquired by Robinhood, recorded a trading volume of $42 billion. The platform did not disclose the dynamics of this indicator.<\/p>\n

Despite the downturn in crypto assets, the company’s overall revenue from operations increased by 7% to $623 million. The main driver was event contracts, with income from them rising by 320%. Options grew by 8%, and stocks by 46%.<\/p>\n

Robinhood’s CFO Shiv Verma noted that clients are actively using new tools: prediction markets, futures, and index options.<\/p>\n

Robinhood’s net profit for the quarter was $346 million\u20143% higher than the previous year.<\/p>\n

Galaxy’s Loss<\/h2>\n

Cryptocurrency company Galaxy Digital ended<\/a> the first quarter of 2026 with a net loss of $216 million. The primary reason was the decline in digital asset prices, which impacted the balance sheet.<\/p>\n

Galaxy Digital’s head, Mike Novogratz, described this period as a “transitional year” for the industry. According to him, the sector is transforming from a speculative platform into a technology being integrated into various industries.<\/p>\n

During the past quarter, the market capitalization of the crypto market fell by approximately 21%. This led to unrealized losses on the company’s investments. However, Galaxy’s trading volumes remained stable. Novogratz noted that the business began to show “decoupling” from asset prices.<\/p>\n

Key metrics and directions:<\/p>\n