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[Robinhood's Cryptocurrency Trading Volume In The Third Quarter Reached $14.4 Billion, More Than Doubling Year-on-Year] According To TechFlow, On October 31, The Block Reported That The Zero-commission Trading Platform Robinhood (stock Code: HOOD) Released Its Third-quarter Financial Report. Data Shows That The Cryptocurrency Trading Volume In The Quarter Reached $14.4 Billion, A Year-on-Year Increase Of 112%, But It Showed A Quarter-on-quarter Decline From $21.5 Billion In The Second Quarter And $36 Billion In The First Quarter. In Terms Of Stock Trading, The Trading Volume Reached $286.2 Billion, A Year-on-Year Increase Of 65%. Specific Revenue Data Shows That Robinhood's Total Revenue In The Third Quarter Was $637 Million, Slightly Lower Than The Market Expectation Of $651 Million. Among Them, Transaction-related Revenue Increased By 72% Year-on-Year To $319 Million. In Terms Of Breakdown: Cryptocurrency Trading Revenue Was $61 Million, A Year-on-Year Increase Of 165%, But A Decrease From $81 Million In The Previous Quarter; Option Trading Revenue Was $202 Million, A Year-on-Year Increase Of 63%; Stock Trading Revenue Was $37 Million, A Year-on-Year Increase Of 37%. "The Third Quarter Was Strong, With Revenue Up 36% Year-over-year, Most Of Which Was Converted Into Profits," Said Jason Warnick, The Company's Chief Financial Officer. "We Set A Goal Of Achieving Another Year Of Profitable Growth At The Beginning Of 2024, And We Are Pleased To Have Broken Historical Records For Revenue And Earnings Per Share." It Is Worth Noting That Robinhood's Custodial Assets (AUC) Increased 76% Year-over-year To $152.2 Billion, Driven By Continued Net Deposits From Users And Rising Valuations Of Stocks And Cryptocurrencies. In Addition, The Company Has Confirmed This Month That It Will Expand Its Support For Bitcoin And Ethereum Futures Products, And This Week Launched A Contract Product That Allows Users To Predict The Results Of The U.S. Presidential Election
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