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Crypto Revenue Offers Bright Spot in Robinhood Earnings Results

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Photographer: Tiffany Hagler-Geard/Bloomberg
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Cryptocurrency revenue was one bright spot in Robinhood Markets Inc.’s latest quarterly performance, even as the app-based brokerage slashed nearly a quarter of its work force and posted a overall net loss hit by the market meltdown. 

Robinhood’s crypto revenue stood at $58 million in the April-June quarter, 7% higher than in the three months prior and beating an estimate of $55.4 million.