According to Robinhood’s first-quarter results, the trading platform generated $134 million in crypto-related revenue, while the source says Hyperliquid outpaced it on crypto trading revenue.
Robinhood released its first-quarter financial results in the early hours of April 29 Beijing time after the U.S. stock market closed. The company reported $134 million in crypto-related revenue for the quarter. The source also states that Hyperliquid, a decentralized exchange (crypto trading venue run by smart contracts (self-executing blockchain code)), was ahead of Robinhood in crypto trading revenue, although no comparable figure for Hyperliquid or additional details on Robinhood’s in-app notional trading volume were provided in the supplied text.