Robinhood, the online brokerage, has posted a record quarter, according to reporting from CoinTelegraph. Despite this overall success, the company's cryptocurrency transaction revenue declined by 38%.
However, the company continued to expand its digital asset business, with initiatives such as Robinhood Chain, tokenized stocks, and decentralized lending.
This expansion suggests that Robinhood remains committed to its cryptocurrency and digital asset business, even as revenue from cryptocurrency transactions has decreased.