Robinhood , the popular trading platform, plans to start EU crypto trading and U.K. brokerage operations in the coming weeks.on Tuesday."As another step in global expansion, we are also planning to launch crypto trading in the EU following our U.K. launch," the firm added.The move comes as some crypto firms have suspended serving U.K.
Robinhood also said in its earnings statement that its crypto-related revenue for the third quarter fell 55% to $23 million from the same quarter one year earlier.Company shares were lower by 5.8% in post-market action as Q3 revenue came in shy of analyst estimates and guidance disappointed as well. For the year, HOOD is higher by about 18% versus the S&P 500's 14% advance.
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