The financial report released by Robinhood, a stock and cryptocurrency trading brokerage platform, shows that the company's net revenue in the second quarter was $682 million, while analysts expected $641.5 million; the number of monthly active users in the second quarter was 11.8 million, while analysts expected 13.2 million; the second quarter transaction-based revenue was $327 million, while analysts expected $296 million.
Cryptocurrency revenue in the second quarter reached $81 million (market expectations were $84.3 million), a year-on-year increase of 161%, which is twice the company's stock trading revenue this quarter. Cryptocurrency trading volume reached $21.5 billion, a year-on-year increase of 137%.
The financial report shows that the company's largest source of revenue in the quarter was options, which generated a total of $327 million in revenue. (The Block)