Robinhood Is Now Making More Money From Prediction Markets Than Crypto Trading. Here's What That Means For Crypto Investors
The crypto winter has led to a slowdown in trading activity.
Overview
Having pioneered commission-free trading, Robinhood (NASDAQ:HOOD) is viewed as one of the most innovative online brokerages available for retail investors.
The company proved this yet again in the second quarter, showing just how much its early foray into the prediction markets is paying off.
Details
Robinhood saw its transaction revenue from event-based contracts soar to $156 million in the second quarter, up over $50 million from the prior quarter and from practically nothing just one year ago.
Source
Originally published at www.fool.com.
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