Robinhood's Q2 Revenue Soars 32% Despite Crypto Decline

WHO:

Techmeme - Robinhood, an online brokerage firm.

Cointelegraph - Robinhood's digital asset business, including Robinhood Chain, tokenized stocks, and decentralized lending.

WHAT:

Techmeme - Robinhood reported Q2 revenue of $1.31 billion, a 32% increase year-over-year.

Techmeme - The reported revenue exceeded the estimated $1.29 billion.

Techmeme - Event contracts revenue increased over tenfold to $156 million.

Techmeme - Crypto revenue declined by 38% to $100 million.

Cointelegraph - Robinhood continued to expand its digital asset business despite the decline in cryptocurrency transaction revenue.

WHERE:

Cointelegraph - The context of Robinhood's operations includes its digital asset business.

WHEN:

Techmeme - The second-quarter results were reported on a Wednesday.

WHY:

Techmeme - The increase in event contracts revenue indicates a growing interest in prediction markets on the trading app.

HOW:

Cointelegraph - Robinhood is expanding its offerings through initiatives like Robinhood Chain, tokenized stocks, and decentralized lending.

(UPDATED July 29, 2026 23:20 UTC)

Robinhood, the online brokerage firm, has reported a second-quarter revenue of $1.31 billion, marking a 32% increase from the previous year and surpassing estimates of $1.29 billion. While the company saw a significant rise in event contracts revenue, which increased over tenfold to $156 million, its crypto revenue declined by 38% to $100 million. Despite this drop in cryptocurrency transaction revenue, Robinhood is actively expanding its digital asset business through initiatives like Robinhood Chain, tokenized stocks, and decentralized lending.