Robinhood’s quarterly profit declines as weak cryptocurrency trading offsets strong performance in other trading activities

Reuters, October 27 - Robinhood Markets (HOOD.O) announced on Tuesday that, although trading activity in other asset classes remained robust, a slowdown in cryptocurrency trading dragged down growth, leading to a decline in the company's third-quarter profit.

This Menlo Park, California-based company reported net profit of $476 million, or $0.51 per share, for the three months ended September 30, compared to $556 million, or $0.61 per share in the same period last year.

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