Bitcoin News Update: Robinhood's Profits Soar but Fail to Halt Investor Departures Amid Growing Crypto Challenges

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Bitcoin News Update: Robinhood's Profits Soar but Fail to Halt Investor Departures Amid Growing Crypto Challenges

Bitget-RWA2025/11/07 20:20

By:Bitget-RWA

- Robinhood shares fell over 10% premarket despite record $1.27B Q3 revenue and 339% crypto revenue surge, mirroring crypto sector declines. - Earnings exceeded forecasts (61c/share vs 51c) but CFO Warnick warned of margin pressures and announced retirement, raising leadership concerns. - Crypto treasury strategy remains uncertain as Robinhood explores Bitcoin as balance sheet asset but faces interoperability challenges in tokenized markets. - Broader crypto sector struggles with unrealized losses on BTC/E

Shares of Robinhood Markets Inc. (NASDAQ:HOOD) tumbled more than 10% in premarket trading on Friday, even though the company posted its highest-ever third-quarter earnings and a 339% jump in crypto trading revenue, as reported by

Parameter

. This drop reflected a wider decline among crypto-related stocks, with

Coinbase Global

Inc. (NASDAQ:COIN) slipping over 6% and

Galaxy Digital

Holdings Ltd. (TSX:MD) losing 4%, according to

Cryptopolitan

. The selloff was attributed to rising investor concerns about U.S. employment data, intensifying trade disputes, and a record-setting 37-day government shutdown, Cryptopolitan added.

Robinhood’s third-quarter performance showcased both resilience and lingering doubts. Parameter noted that the company’s total revenue soared to $1.27 billion, outpacing analyst projections of $1.2 billion, while earnings per share hit 61 cents, beating the expected 51 cents. Crypto trading revenue alone surged to $268 million, fueled by $80 billion in trading activity, making up 21% of Robinhood’s quarterly revenue.

Bitcoin News Update: Robinhood's Profits Soar but Fail to Halt Investor Departures Amid Growing Crypto Challenges image 0

CFO Jason Warnick credited the gains to “unprecedented monthly trading volumes across stocks, options, prediction markets, and futures,” but cautioned that margins could be squeezed as annual expenses near the upper end of forecasts, as

Benzinga

reported.

Despite these financial achievements, Robinhood’s management continues to face questions. The company’s approach to its crypto treasury remains unsettled, with Treasurer Shiv Verma mentioning during the earnings call that they are “actively considering”

Bitcoin

as a potential asset for their balance sheet, but did not provide a timeline for any decision, per Cryptopolitan. Additionally, CFO Warnick’s planned retirement next year has heightened worries about leadership stability as

Robinhood

pivots toward wealth management and tokenized assets, as highlighted by Benzinga.

The company’s move into tokenized stocks and prediction markets is gathering momentum. CEO Vladimir Tenev announced the initial phase of a rollout to support tokenized equities, with future intentions to allow secondary trading on platforms such as Bitstamp, according to Cryptopolitan. However, he pointed out that there are still interoperability issues, as tokenized shares are not yet supported by DeFi protocols, as

CoinCentral

reported. The acquisition of Bitstamp, completed in June, has already contributed $100 million in annualized revenue and broadened Robinhood’s regulatory reach to 50 countries, Parameter stated.

The wider cryptocurrency industry is encountering challenges as companies holding Bitcoin or

Ethereum

deal with unrealized losses. Firms like Metaplanet and Sharplink, which bought BTC during the price surge from April to July, are now seeing their assets lose value amid the October downturn, Cryptopolitan reported. Robinhood’s stock, which had climbed 280% so far this year, dropped below $140 in after-hours trading despite the strong earnings, reflecting shaky investor sentiment, according to Parameter.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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