2 years ago
Trading app institution Robinhood reported assorted cryptocurrency-related trends successful its quarterly and full-year study published connected Feb. 8.
The institution said that it saw cryptocurrency transaction revenues alteration 24% to $39 cardinal sequentially during the 4th fourth of 2022. This inclination was portion of a larger diminution that saw each transaction-based gross autumn 11% to $186 million.
Robinhood besides said that its assets nether custody (AUC) fell 4% sequentially to $62 billion. This inclination was driven by little marketplace values successful some the banal and cryptocurrency markets. Losses were partially mitigated by ongoing deposits, the steadfast said.
Robinhood’s equilibrium sheets indicated that the steadfast had $8.4 cardinal of assets related its to idiosyncratic cryptocurrencies safeguarding work astatine the extremity of 2022.
The steadfast besides noted that it has begun to rotation retired its wallet to much than a cardinal waitlisted users. An announcement pertaining to the wallet was made connected Jan. 19.
Robinhood’s banal (HOOD) closed down 0.76% today.
The station Robinhood saw crypto transaction gross autumn by 24% successful Q4 2022 appeared archetypal connected CryptoSlate.
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