In the second quarter, about 41% of Robinhood's total profits came from cryptocurrency trading.
According to the financial report for the 2nd quarter, published on August 18, the company received $233 million in services crypto trading. By comparison, Robinhood only made $5 million in cryptocurrencies in all of 2020.
In the second quarter, more than 60% of all active Robinhood accounts bought and/or sold digital assets.
62% of the $233 million in profits came from Dogecoin traders.
In total, the company earned $565 million in the second quarter, an increase of 131% compared to the same period in 2020. The total volume of assets under Robinhood's control is $102 billion.
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According to cointelegraph.com
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