Robinhood to cut reliance on crypto after revenue drop

Robinhood reported $252 million in crypto trading revenue for Q1 2025, down 30% from the previous quarter, with trading volume falling from $71 billion to $46 billion. CEO Vlad Tenev said the company will diversify its business to reduce reliance on crypto, which still accounted for over 25% of net revenue. According to DL News, the decline mirrors a broader market downturn driven partly by U.S. tariffs.