Robinhood reports crypto revenue fall and attracts new institutional investors

Robinhood’s first‑quarter earnings revealed a 47% year‑over‑year decline in transaction‑based crypto trading revenue, while revenue from prediction‑market products surged 320%. The drop coincides with Bitcoin’s price sliding more than 40% from its 2025 peak, marking the cryptocurrency’s fifth major drawdown of this magnitude.

Separately, a series of institutional investors increased their stakes in Robinhood. WCG Wealth Advisors bought 63,610 shares worth about $7.2 million in the fourth quarter, and other firms such as CIBC Asset Management, Kesler Norman & Wride, Greenwich Wealth Management, Dynasty Wealth Management and AXQ Capital also added positions. Insider director Meyer Malka purchased 181,000 shares at an average of $83.45, signalling confidence from company leadership. Robinhood also announced the acquisition of WonderFi, expanding its crypto footprint into Canada, and plans to lower margin and securities‑backed lending rates in July to attract registered investment advisors.