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Country: United States
Investment broker
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Robinhood sets out to conquer Europe 13/11/2023
- Robinhood plans to launch crypto trading in the European Union
- Despite the rebound in cryptocurrency prices, crypto volumes traded on Robinhood fell by 45% month-on-month and 67% year-on-year in September, with just $1.2 billion worth of cryptos changing hands.
- Robinhood's revenue from cryptocurrency exchanges fell by 55% year-on-year in the third quarter.
- Revenues from all transactions at Robinhood are at their lowest levels since its IPO, at $185 million.
- Robinhood experienced a drop in sales for the first time since the end of 2021.
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