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Robinhood’s Crypto Revenue Rises in Q1 Despite Overall Downturn

Overall, Robinhood reported a net loss of $392 million for the business this quarter, down from $420 million in Q4 2021—and down significantly from a loss of $1.4 billion in the first quarter of last year. Robinhood’s initial report doesn’t go into much detail about the status of its cryptocurrency business, but the firm will hold an earnings call this afternoon.

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