Robinhood Shares Slump as Crypto Trading Weakness Continues

Posted on by American Coins & Gold

Robinhood Shares Slump as Crypto Trading Weakness Continues
Robinhood (HOOD) shares slid almost 13% to $10.12 in after-hours trading Thursday after the commission-free trading platform reported a decline in crypto revenues, and overall fourth-quarter revenues and earnings that fell short of analyst expectations.Transaction-based cryptocurrency revenues totaled $48 million compared to $51 million in the third quarter, which was down from a record $233 million in the second quarter.The company said it has “set aggressive goals” to start opening up its crypto platform to international customers this year.Robinhood recently launched the public beta of its Crypto Wallets and plans for a full launch before the end of the first…