Robinhood's Crypto Trading Volume Drops 20% in June, Rating Downgraded
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币界网报道：Robinhood's crypto trading volume fell 20% in June amid declining market activity, according to a report by Mizuho Securities. The brokerage's crypto revenue dropped to $25 million from $38 million in May, prompting Mizuho to downgrade Robinhood from "neutral" to "underperform." Analyst Dan Dolev noted weakening retail engagement as Bitcoin's price stagnated around $30,000. Despite the slowdown, Robinhood continues expanding its crypto services, recently launching a Web3 wallet and supporting additional tokens. The company faces growing competition from rivals like Coinbase and Kraken while navigating regulatory uncertainty in the U.S. crypto market.
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