Robinhood’s Crypto Business Grows 20% As Blockchain Expansion Pays Off

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Robinhood’s cryptocurrency business is showing signs of transformation, with its latest quarterly results revealing that blockchain infrastructure is becoming an increasingly important source of revenue. The financial services company reported $120 million in cryptocurrency revenue for the third quarter of 2026, representing a 20% increase from the previous quarter. However, we believe the most interesting development is not the overall growth but where that additional revenue originated. Robinhood Chain generated $26 million during its first quarter on mainnet, helping offset declining revenue from traditional cryptocurrency trading. The results suggest Robinhood is gradually expanding beyond its original brokerage model and building a business around decentralized financial infrastructure. TL;DR Robinhood’s cryptocurrency revenue increased 20% quarter-over-quarter to $120 million, supported by $26 million from Robinhood Chain. Traditional cryptocurrency trading revenue declined 6% from the previous quarter, despite higher trading volumes. We see blockchain infrastructure and predic...