ICYMI: Robinhood's profits from cryptocurrency trading dropped in the fourth quarter of 2021 $SHIB $DOGE
The decline totaled 6% against the profit made during the meme coin and token frenzy that took place in November-October of the last year. The company has still gained 304% compared to the same period a year ago. But investors did not perceive the news positively, which led to the crash of the company's shares in post-market trading.The cryptocurrency trading offering was a major part of Robinhood's services in addition to zero-commission transactions.
During the second quarter of 2021, Robinhood's digital assets trading revenue reached $233 million. The rapid increase was based on the skyrocketing growth of retail interest in cryptocurrency assets like Bitcoin and
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