HOOD Stock Topples After Robinhood Earnings Reveals 47% Decrease in Crypto Revenue

Robinhood (HOOD) Stock Performance. Source: TradingViewPrediction Markets and Tokenization Cushion the Slide

Chairman and CEO Vlad Tenev pointed to the firms expanding role across customer finances in a statement.

“Robinhood is increasingly positioned at the center of our customers financial lives,” he stated in the broadcast.

Wagers routed through Kalshi-powered prediction markets logged record volumes, supported by a one-cent transaction fee.

Robinhood also launched the public testnet for Robinhood Chain, an Ethereum (ETH) layer-2 network built around tokenized assets.

Total platform assets stood at $307 billion, down from $324 billion at the end of last year but 39% higher year-over-year.

The European tokenized stocks product, which offers exposure to private companies including OpenAI and SpaceX, has processed more than 100 million transactions since launch.

The after-hours sell-off pushed HOOD to roughly $82, well off the October peak. The path forward depends on whether prediction markets and tokenization can offset the cooling in digital asset trading.

The post HOOD Stock Topples After Robinhood Earnings Reveals 47% Decrease in Crypto Revenue appeared first on BeInCrypto.