Wall Street expects slowdown in HOOD’s crypto business

Baiju Bhatt and Vlad Tenev attend Robinhood Markets’ listing day on July 29, 2021 in New York City.

Cindy Ord | Getty Images

Robinhood’s crypto business is becoming increasingly important to the top-line of the trading app, and many on Wall Street are calling for a pullback from record trading levels in the second quarter.

However, with bitcoin recently making records and Robinhood’s new crypto wallet feature, the trading app may be able to sustain a solid crypto business and drive revenue higher in the current quarter.


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