Robinhood recorded a total revenue of $1.42 billion in the third quarter while expanding its blockchain ecosystem, integrating new stablecoin infrastructure, and scaling prediction markets, though overall earnings per share missed Wall Street expectations. The financial technology platform reported per-share earnings of $0.51, falling short of the consensus forecast of $0.55. Despite the earnings miss, the company's broader digital asset operations and expanding partnerships signaled robust engagement across retail and institutional segments.
How did Robinhood's crypto revenue perform in the third quarter?
Robinhood experienced divergent metrics regarding its crypto sector performance during the quarter, with reports offering conflicting views on year-over-year trajectories. CoinDesk reported that Robinhood's crypto revenue fell 55% from the previous year, noting that crypto trading volume declined 38% over the same annual period. Conversely, The Block stated that Robinhood's crypto revenue rose 20% in the third quarter, bolstered by the company's blockchain initiatives and the Robinhood Chain, which brought in $26 million. Despite the annual comparisons, overall crypto figures managed to top specific Street forecasts, even as trading activity faced broader headwinds.
What are the details of the new partnership between Robinhood and Ripple?
Robinhood and Ripple expanded their strategic collaboration to integrate Ripple's RLUSD stablecoin across retail and institutional markets, according to extensive reporting from Cointelegraph and Decrypt. Ripple's RLUSD stablecoin went live on the Robinhood Chain and Bitstamp, with a planned rollout to the main Robinhood application later in the year. The expanded alliance also encompasses treasury software and trading loans, deepening ties between the two entities as Ripple concurrently broadens its collaborations with BNY for digital asset custody and C2FO for trade finance settlement on the XRP Ledger.
Robinhood's prediction markets generated $173 million during the third quarter as user bets on sports and elections expanded rapidly across the platform.
How much traction did Robinhood prediction markets gain?
Robinhood prediction markets emerged as a major growth driver during the third quarter, attracting substantial user activity centered around political elections and sporting events. According to Decrypt and The Block, bets placed within Robinhood prediction markets reached $173 million for the period. This surge in speculative interest accompanied broader expansions in blockchain utility and digital asset infrastructure, reinforcing the company's diversification beyond traditional stock trading into alternative financial products and decentralized assets.
Market Snapshot
| Asset | Price | 24h | Market Cap |
|---|---|---|---|
 Bitcoin BTC | $80,851 | +1.53% | $1625.5B |
 Ethereum ETH | $2,355 | +2.00% | $287.7B |
 BNB BNB | $744.84 | +0.98% | $98.0B |
 XRP XRP | $1.33 | +2.87% | $84.4B |
 Solana SOL | $101.57 | +1.62% | $59.9B |
 Dogecoin DOGE | $0.0794 | +2.90% | $12.4B |
 Cardano ADA | $0.206 | +1.58% | $7.8B |
Live data: CoinGecko — 2026-10-28 03:22 UTC
