Trading platform Robinhood exceeded Wall Street expectations in its first-quarter results despite a decrease in revenues and cooling crypto trading volume. In Q1, Robinhood's revenues dropped by 8.6% to $927 million, surpassing analyst estimates by 3.16%. The company's crypto revenue also fell by nearly 30% to $252 million from the previous quarter. This decline was partly due to market fluctuations caused by the Trump administration's tariffs. Additionally, crypto trading volume on Robinhood decreased by 35% compared to the previous quarter. Despite these challenges, Robinhood's CEO remains optimistic about capturing more market share. The company's acquisition of Bitstamp crypto exchange is awaiting regulatory approval, which would allow it to cater to institutional investors. Robinhood is also exploring the integration of crypto tokenization into its services to unlock economic value in the US crypto industry. Read more AI-generated news on: https://app.chaingpt.org/news