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Robinhood’s crypto cools
Robinhood shares slid about 4% in extended trading after the brokerage reported $100 million in cryptocurrency revenue for the second quarter, a 38% decline from a year earlier.
“crypto revenue down 38% to $100 million from a year earlier”
CoinDesk said the company beat Wall Street’s second-quarter expectations with adjusted earnings of $0.62 a share and record revenue of $1.31 billion, even as crypto trading cooled.
CoinDesk reported that crypto revenue fell 38% year over year to $100 million from $160 million, offset by stronger activity in options, equities and prediction markets.
Cointelegraph similarly said Robinhood’s revenue increased 32% year over year to $1.31 billion while cryptocurrency transaction revenue fell 38% from a year earlier to $100 million.
Chain and AI push
CoinDesk reported that Robinhood accelerated its product rollout with the launch of Robinhood Chain for tokenized U.S. stocks in Europe and new Agentic Trading AI tools that automate investing while keeping users’ controls in place.
CoinDesk said the company launched Robinhood Chain, a blockchain network that supports tokenized U.S. stocks for eligible European customers as part of its push to bring traditional financial assets onchain.
Cointelegraph said Robinhood continued expanding its digital asset business by launching the public mainnet of Robinhood Chain, introducing tokenized US stocks to eligible users in more than 120 countries, and debuting its first decentralized lending product, Robinhood Earn.
CoinDesk also reported that the second quarter marked one of Robinhood’s biggest product pushes in recent years, even as investors watched whether stronger crypto prices and trading volumes translated into higher transaction revenue for Coinbase.
What investors watch next
CoinDesk said the results offered an early look at what investors could expect when Coinbase (COIN) reports second-quarter earnings on Thursday, noting both companies are heavily exposed to retail trading activity and crypto market sentiment.
“Coinbase (COIN) reports second-quarter earnings on Thursday”
Cointelegraph reported that Robinhood recorded $40 billion in crypto trading volume during the quarter, including $18 billion on the Robinhood app and $22 billion from Bitstamp, the crypto exchange it acquired in June 2025.
Cointelegraph also said nearly 100,000 customer accounts are now enrolled in Agentic Trading, representing more than $100 million in assets under custody, as Robinhood reported net income rose 48% to $573 million.
CoinDesk reported that Robinhood will hold an investor call at 5pm E.T., with analysts watching whether the quarter’s crypto slowdown translated into higher transaction revenue for Coinbase after Robinhood’s report.
