Robinhood’s (HOOD) revenue based on crypto transactions skyrocketed in the 2nd quarter, with more than 60% of its users trading digital currencies. However the company warned of lower revenue expectations for the third quarter. Shares fell about 5% in after hours.
“For the three months ended Sept 30, 2021, we expect seasonal headwinds and lower trading activity across the industry to result in lower revenues and considerably fewer funded accounts than in the prior quarter” read the…
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