Robinhood's Q3 report revealed $150 million in net income and $630 million in revenue, yet shares dropped 12% in after-hours trading due to unmet expectations.
Robinhood's cryptocurrency trading volume surged 112% year-over-year, hitting $14.4 billion, with crypto revenue reaching $61 million, up 63% from the last report.
The company may expand its crypto offerings further, potentially launching its own stablecoin inspired by PayPal's crypto ventures.
Analysts predicted a higher revenue for Robinhood, causing a 12% drop in shares.