Robinhood, a popular trading platform, has reported a 30% decline in cryptocurrency trading revenues during the first quarter of this year, earning only $38 million. This is a significant drop from the $54 million earned during the same quarter in 2022, despite the recent rebound in bitcoin and ethereum prices. However, Robinhood CEO Vlad Tenev remains optimistic about the long-term prospects for crypto and has rolled out a digital wallet that supports both the Polygon and Ethereum networks. The company has also positioned itself as a safe and secure platform for crypto trading, gaining market share after the collapse of FTX.
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