## Robinhood's Crypto Trading Revenue Expected to Drop JPMorgan analysts predict a decline in Robinhood's (HOOD) cryptocurrency trading revenue for the first quarter. This projection stems from an estimated trading volume of $52 billion, a decrease from the $71 billion recorded in the previous quarter. ## Market Sentiment Impacts Trading Volume According to JPMorgan, the prevailing risk-averse market sentiment is the primary driver behind this anticipated decline. While the beginning of the year saw a surge in crypto trading activity, this cautious attitude has significantly impacted overall volume. ## Q4 2023 Saw Massive Growth In the fourth quarter of last year, Robinhood experienced remarkable growth in its cryptocurrency trading revenue, increasing by over 700% year-over-year to $358 million. Robinhood is scheduled to release its first-quarter earnings after market close on April 30th, providing further insights into its performance. ```