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Robinhood not giving up on crypto despite Q3 crypto revenue slashing 12%
Crypto and stock trading platform Robinhood highlighted lagging cryptocurrency revenue in the third quarter of 2022, though the results will do little to dampen its ambition to serve the market, its CEO says. Robinhood also integrated Circle’s USD Coin (USDC) stablecoin a day later. But we want to be extremely deliberate and to help protect customers and their money.” While its adjusted EBITDA was $47 million. According to Investopedia, Robinhood’s net loss of $0.20 per share for Q3 2022 beat estimates. Source: Cointelegraph #Robinhood
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