Tag: aggressively

The post Robinhood Stock Price Slips After a Strong Q3: Is Crypto the Real Reason? appeared com. Key Insights: Robinhood stock price dropped even after Q3 revenue rose to $608 million and crypto income grew 89%. The fall is linked to weaker spot crypto trading. Most market action came from futures, which Robinhood does not offer. HOOD trades near $121 and may recover if Bitcoin rises again. A move above $138 can signal stronger buying. Robinhood (HOOD) posted strong Q3 numbers. Monthly active users rose to 12. 8 million, the highest in more than a year. Crypto trading money also grew 89%. Even with these gains, the crypto stock still moved down. The HOOD stock now trades near $121 after a sharp move lower over the past few days. The question is why the stock reacted this way when the results looked healthy. The answer links to how the crypto market shifted this month. Bitcoin fell under $100,000, and most of the large moves came from futures trades. Since Robinhood does not offer crypto futures aggressively, it could not benefit from this surge in futures volume. This gap explains why traders expect the next quarter to look different from the one Robinhood just reported. Crypto Futures Volatility Hit Robinhood Stock Price Robinhood (HOOD) is a trading platform for stocks, options, and a small set of crypto. It does not offer perpetual futures or any crypto futures. These futures now cause most of the fast moves in the crypto market. When Bitcoin moved down from around $105,000 to under $100,000, most of that fall came from forced futures trades called liquidations. These liquidations happen when a trader cannot hold a position any longer. Spot trading means buying or selling the coin directly. This matters for Robinhood because it earns money only when users.