Robinhood Crypto Revenue Climbs 20% in Q3 as Blockchain Unit Gains Momentum

Robinhood crypto revenue — Robinhood Markets reported a 20% year-over-year increase in its crypto-related revenue for the third quarter, driven by growth in its blockchain unit and prediction markets.

The company’s crypto revenue reached $26 million for the quarter, according to its latest earnings report. This growth was attributed to increased activity on Robinhood Chain, the firm’s proprietary blockchain network.

Separately, Robinhood’s prediction markets business generated $173 million in revenue during the same period. The company did not provide a detailed breakdown of how much of this figure was directly tied to crypto-based prediction markets.

The results highlight Robinhood’s continued push into the crypto sector despite a challenging regulatory environment. The firm has been expanding its blockchain infrastructure and crypto offerings to diversify its revenue streams beyond traditional stock and options trading.