Robinhood reports steep 30% decline in crypto trading revenues year-on-year

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Robinhood reports steep 30% decline in crypto trading revenues year-on-year
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Robinhood reported its crypto transaction revenue for the first quarter of 2023.

which supports both the Polygon and Ethereum networks, to its iOS customers around the world. There is currently a waitlist for Robinhood's Android wallet, which is supposed to become available later this year.

In the wake of the collapse of FTX, which caused many users to lose money, Robinhood has tried positioning itself as a safe and secure platform for people who want to trade crypto. At the end of last year Tenev said his company gained some market share after FTX's demise. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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