Online brokerage Robinhood reported record second-quarter revenue of $1.31 billion, up 32% year over year, with net income of $573 million, up 48%. However, cryptocurrency transaction revenue fell to $100 million from approximately $160 million a year earlier, a 38% decline. Total crypto trading volume reached $40 billion, including $18 billion on the Robinhood app and $22 billion via Bitstamp, the exchange acquired in June 2025. The company also launched the public mainnet of Robinhood Chain, offered tokenized stocks in over 120 countries and introduced its first decentralized lending product, Robinhood Earn. Shares fell 3.15% on Wednesday.
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