Robinhood Crypto Performance Dips Significantly, But Transaction Revenue Grows Thanks to Market Making

BlockBeats News, April 29th, Robinhood reported a significant decline in its first-quarter 2026 crypto business performance. The company reported $134 million in crypto revenue, a 47% decrease from the same period last year; the crypto trading volume on the native app was $240 billion, a 48% year-on-year decline. This decline has continued since the end of 2025, with a previous 38% drop in Q4 crypto trading revenue. In its quarterly report, Robinhood stated that the acquired Bitstamp exchange contributed $42 billion in trading volume but did not provide year-on-year data.

Despite the weakness in its crypto business, Robinhood's overall trading revenue still increased by 7% year-on-year to $623 million, mainly due to a 320% surge in options revenue. Options revenue grew by 8% to $260 million, while stock revenue soared by 46% to $82 million. The company's net profit reached $346 million, a 3% year-on-year increase.

According to Bitget market data, Robinhood's stock price continued to drop by over 6% in after-hours trading following the earnings report.