Robinhood shares fall as crypto slump dents trading volume growth
Robinhood’s shares plunged 11% on Wednesday, as crypto-driven market volatility dampened its first-quarter trading volume growth, leading the trading platform to miss estimates for profit and revenue.
Crypto markets have come under pressure this year, with bitcoin down more than 30% in the last six months, as a broad risk-off mood took hold, triggering waves of selling across digital assets and curbing retail trading activity.
