The investing app Robinhood is still feeling the chill of Crypto Winter. The company reported on Wednesday that its cryptocurrency transaction-based revenue fell 12% from the second to the third quarter, to $51 million. “We’re certainly a participant in the broader crypto market, and when overall crypto trading volumes are down, we see that reflected in Robinhood activity as well,” CFO Jason Warnick said during a press call. “Trading was a little soft in crypto here in Q3,” he says, adding that the platform has seen an increase in crypto trading in the last week.
