JPMorgan forecasts decrease in Robinhood's Q1 crypto trading revenue

JPMorgan forecasted that Robinhood's cryptocurrency trading revenue in the first quarter will decrease compared to the previous quarter. The American investment bank’s analysts claim that the company’s trading volume for the first quarter is expected to come in at around $52 billion. This would represent a decrease from $71 billion in the fourth quarter of last year. The upward trend in cryptocurrency trading at the beginning of the year was offset by the risk aversion that has spread in the market in recent months, JPMorgan claimed, as reported by CoinDesk.