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Robinhood quarterly revenue jumps on crypto trading boost -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Robinhood Markets, Inc.’s logo is displayed at a Wall Street pop-up after its IPO, New York City, U.S.A, July 29, 2021. REUTERS/Andrew Kelly

(Reuters) – Robinhood Markets Inc (NASDAQ) announced a surge in third quarter revenue Tuesday. This was due to cryptocurrency trading helping offset retail investors’ declines after the frenzied rise in “meme stocks”, earlier in this year.

Robinhood posted $365 million in total revenue for its quarter ending Sept. 30 as a public company. This is compared with $270 million last year.

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