Robinhood to Expand Crypto Services to Europe Despite Revenue Dip.

Robinhood reports a small drop in revenue but plans to bring its crypto trading to the EU soon.

Robinhood made $467 million this quarter, down 4% from before. They lost $85 million, but crypto holdings are still up 9% from last year.

CEO Vlad Tenev is planning to grow the company, despite the money lost. He’s aiming to spread Robinhood’s services across more countries.

Crypto trading with Robinhood is heading to the EU, thanks to a friendly regulatory environment. This move allows Robinhood to offer new crypto assets not seen in the U.S.

European regulations are more welcoming for Robinhood. This step follows after trouble with U.S. rules, leading to some crypto assets being dropped.

Other finance firms like Ark Invest, eToro, and Galaxy Digital are also shifting focus to Europe amid strict U.S. regulations.