Robinhood Faces Crypto Slide and Market Shake‑Ups

In the latest earnings release, Robinhood’s stock fell about eight percent in early trading after the company revealed a 38‑percent drop in crypto revenue, pulling the overall quarterly numbers down. The firm posted a record $1. 28 billion in total revenue, up 27 percent year over year, but the crypto segment’s decline weighed heavily on performance. Crypto transaction income fell to $221 million from $268 million a year earlier, while the total value of crypto trades on the platform reached $82 billion. Most of that volume came from Bitstamp, an exchange Robinhood bought in mid‑2025. Trading activity on the core app itself slid 52 percent compared with last year, suggesting fewer retail users are active. Other areas of the business did better: options trading grew 41 percent to $314 million, and equities sales climbed 54 percent to $94 million. Interest income rose 39 percent to $411 million, and the number of premium subscribers increased 58 percent to 4. 2 million.The share price closed yesterday at $85. 60 and opened about eight percent lower in pre‑market trading, falling below key moving averages such as the 20‑day and 50‑day lines. Support levels around $90 have been broken, leaving a critical range of $70–75 to watch. If the stock can’t hold above that, it may fall further toward $65–70 before any bounce. The company’s leadership has been trying to shift its strategy toward cryptocurrency and tokenized assets. A senior manager said that the platform now sees users buying during market dips and expanding their holdings, a contrast to earlier periods of cautiousness. He also urged that stablecoin yields be passed on to customers while clearly explaining the risks, such as the lack of FDIC insurance. In line with this direction, Robinhood announced a new Layer‑2 solution on the Arbitrum network that will allow 24/7 trading of tokenized stocks and ETFs. However, experts say real‑time digital trading will not be available until late 2026 when major exchanges launch their own platforms.