{"id":1913,"date":"2024-10-31T03:45:37","date_gmt":"2024-10-31T03:45:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1913"},"modified":"2024-10-31T03:45:37","modified_gmt":"2024-10-31T03:45:37","slug":"robinhood-crypto-volumes-double-in-q3-october-number-set-to-exceed-quarterly-average-at-5b-says-cfo","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1913","title":{"rendered":"Robinhood Crypto Volumes Double in Q3; October Number Set To Exceed Quarterly-Average At $5B, Says CFO"},"content":{"rendered":"<div>\n<p><strong>Robinhood Markets Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/HOOD#NASDAQ\">HOOD<\/a>) reported a twofold surge in cryptocurrency volumes in the third quarter.<\/p>\n<p><strong>What Happened<\/strong>: The company released its <a href=\"https:\/\/www.benzinga.com\/pressreleases\/24\/10\/g41635712\/robinhood-reports-third-quarter-2024-results\">financials <\/a>after Wednesday\u2019s closing bell and revealed a cryptocurrency notional trading volume of $14.4\u00a0billion, up 112% from last year.<\/p>\n<p><strong>Jason Warnick<\/strong>, Chief Financial Officer, said during the earnings call that notional volumes passed the $5 billion mark in October alone, and was set to surpass the third-quarter monthly average.<\/p>\n<p>The surge in volumes helped power cryptocurrency-related revenue to $61 million, up 165% year-over-year.<\/p>\n<p>The total quarterly revenue came in at $637 million, which missed the analyst consensus estimate of &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41643195\/robinhood-crypto-volumes-double-in-q3-october-number-set-to-exceed-quarterly-average-at-5b\" alt=\"Robinhood\" crypto volumes double in q3 october number set to exceed quarterly-average at says cfo>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood Markets Inc. (NASDAQ:HOOD) reported a twofold surge in cryptocurrency volumes in the third quarter. What Happened: The company released its financials after Wednesday\u2019s closing bell and revealed a cryptocurrency notional trading volume of $14.4\u00a0billion, up 112% from last year. Jason Warnick, Chief Financial Officer, said during the earnings call that notional volumes passed the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1913","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1913"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1913\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}