Robinhood recorded a net loss of $1.3bn attributed to expenses tied to share-based compensation

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Revenue at Robinhood Markets fell in the third quarter from the previous one, weighed down by a sharp decline in customers’ cryptocurrency trading.

The popular trading app recorded revenue of $365m, a 35% drop versus $565m during the prior quarter. On a year-over-year basis, revenue climbed 35% from $270m in the third quarter of 2020.

Robinhood posts revenue drop on dampened crypto trading

Caitlin McCabe

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