Robinhood Markets Inc. reported fourth-quarter financial results that fell short of Wall Street expectations, primarily due to a significant slump in cryptocurrency-related transaction revenue. The retail brokerage platform saw a sharp decline in digital asset trading activity as market volatility and a cooling interest in crypto assets weighed on performance. While the company saw a boost in net interest income driven by higher interest rates, this was not enough to offset the decrease in trading volumes. Additionally, Monthly Active Users (MAU) saw a year-over-year decline, reflecting broader challenges in the retail investing landscape during the final quarter of the year.
Source: Robinhood Q4 earnings miss as crypto revenues decline
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