Coinbase reported Oct. 29 that its prediction markets business had surpassed $200 million in annualized net revenue, adding another income stream as crypto trading platforms seek growth beyond digital asset...
Summary
- s third-quarter results, in which event contracts generated $173 million against $120 million from cryptocurrencies. Robinhood
- 29 that its prediction markets business had surpassed $200 million in annualized net revenue, adding another income stream as crypto trading platforms seek growth beyond digital asset transactions.
- Robinhood's crypto revenue fell 55% from a year earlier, giving its event business an immediate financial role.
- The revenue picture across platforms Robinhood earned $104 million from event contracts in the first quarter, $156 million in the second and $173 million in the third, according to itsearnings materialsandlatest results.
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