Robinhood Crypto Revenue Falls 55% in Q3 as Prediction Markets and Robinhood Chain Drive Record Results

Robinhood’s cryptocurrency business shrank by more than half in the third quarter of 2026, even as the company reported its highest quarterly revenue ever. Crypto transaction revenue fell 55% year over year to $120 million, while total net revenue climbed 12% to a record $1.42 billion, according to the company’s third-quarter 2026 earnings release published October 27. The distance between those two numbers is the story. Crypto trading was once one of Robinhood’s fastest-growing revenue lines.