Robinhood says it wants to rely less on a crippt for income after 30% drop – DL News

Robby has not avoided the Cropt’s market in the first three months of 2025.

A retail shopping platform has been recorded $ 252 million In the crypto trading revenues between January and March, 30% decline from the previous quarter. Significant submerge decrease that saw pakri for the creptocurbly market can be abolished by almost equivalent proportion earlier in the year.

In the midst of falling, General Manager, Vlad Tenev says the company is looking for diversification.

“You go up and down in terms of trading volume,” Tenev said about CRIPTO trading while attracting earnings on Wednesday. “We are diversing a job outside the crypto, which will make us less reliable to the crypto volume of the transaction.”

The crypto volume for trading on robustness fell to $ 46 billion in the first quarter, of $ 71 billion at the end of 2024. Years.

RobinHoosty had a banner banner last year CRIPTO RAKETING 700% SALE And the company records a healthy profit.

However, the CRIPTO party has turned a rainy with criptocurrent prices that fall on average 30% by the end of March. Market activity was also carried, dropped by $ 104 billion daily volume compared to heights at the end of last year.

The tariffs of American President Donald Trump in about 90 countries have been identified as a catalyst behind the fall.

Despite the decline, the cropto trading volume still makes up more than a quarter of a wobilishment of 927 million in the last quarter, 50% increase from the period in the period 2024. Years.

However, this was missing from a billion dollar revenue milestone, which was reached between October and December.

Robinhood began to offer CRIPTO trading in February 2018. and part is the outflow of Fintech firms, including Etoro, Revolut and Paypal, who have they muscular their way to a crypto trading market.

UK-Israeli Network Broker Etoro states 29 cryptocurrency for trading, while Paypal has its own stablecoin.

Last week, United Kingdom Neobank revolut has applied Record an annual profit of $ 1.5 billionled to a great extent to his crypt’s trade business.

Some market analysts say Fintechs have the edge via crypto-native platforms such as Tavern and Kraken, especially in regulations and recognition of names among users. The revolution has a bank license for UK.

But crypto-natives such as Kraken say they greet the increased competition. Earlier in April, Kraken announced plans to offer Stock Trading to Your Users.

For Fintechs and Cripto stores equally, it seems to be in the opposite direction. While Fintechs turns for CRIPTO Trading, the CRIPTO exchange is looking for access to traditional investment vehicles such as capital and exchange.

But the goal is the same – to be a trade shop for assets for its customers and increases their income and earnings.

Osato Avan-Nomaio Is our correspondent in Nigeria based. It covers Defi and Tech. You have the top? Please contact him at osato@dlnews.com.