Robinhood's Q1 Crypto Revenue and Trading Volume Plunge Nearly 50% YoY

Gate News message, April 29 — Robinhood reported Tuesday that its cryptocurrency revenues and trading volumes fell roughly 50% during the first quarter of 2026, marking a continuation of declines from late 2025.

The U.S.-based trading platform generated crypto revenues of $134 million and native-app notional trading volumes of $24 billion, representing year-over-year declines of 47% and 48%, respectively. Bitstamp, acquired by Robinhood last year, reported notional trading volumes of $42 billion with no year-over-year comparison provided.

However, Robinhood's overall transaction revenues grew 7% year-over-year to $623 million, primarily driven by a 320% surge in event contracts revenue. Options revenue reached $260 million, up 8%, while equities revenue climbed to $82 million, up 46%. "Customers remained engaged and rapidly adopted new products, leading to 20 percent-plus annualized net deposit growth, double digit growth across equities and options, and record volumes for prediction markets, futures, and index options," said Robinhood CFO Shiv Verma.

Despite crypto headwinds, Robinhood maintained profitability with net income of $346 million, a 3% increase year-over-year. The company's stock fell over 6% to $76.99 in after-hours trading following the earnings announcement.