{"id":"1793513428852-money-segment","slug":"robinhood-crypto-revenue-falls-55-percent","title":"Robinhood crypto revenue falls 55 percent","summary":"Robinhood's Q3 crypto transaction revenue fell 55% year over year to $120 million, while prediction markets generated $173 million, more than six times the prior-year figure. Ripple and C2FO announced an initiative to bring C2FO Instant Pay to the XRP Ledger with RLUSD as the settlement asset.","publishedAt":"2026-11-01T06:10:28.852Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Crypto After Dark","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Robinhood's Q3 crypto transaction revenue fell 55% year over year to $120 million, while prediction markets generated $173 million, more than six times the prior-year figure. Ripple and C2FO announced an initiative to bring C2FO Instant Pay to the XRP Ledger with RLUSD as the settlement asset.\nSource: [bitcoin.com](https://news.bitcoin.com/crypto-news/robinhood-crypto-revenue-plunges-55-percent-q3-record-overall/) and [tokenpost.com](https://www.tokenpost.com (https://x.com/Neome_com/status/2115444398200602868)","claims":[{"verdict":"TRUE","summary":"Robinhood's Q3 crypto transaction revenue fell 55% year over year to $120 million, while prediction markets generated $173 million, more than six times the prior-year figure. Ripple and C2FO announced an initiative to bring C2FO Instant Pay to the XRP Ledger with RLUSD as the settlement asset.","sourceName":"[bitcoin.com](https://news.bitcoin.com/crypto-news/robinhood-crypto-revenue-plunges-55-percent-q3-record-overall/) and [tokenpost.com](https://www.tokenpost.com","sourceUrl":"https://x.com/Neome_com/status/2115444398200602868","claim":"CRYPTO BREAKING NEWS: Only the latest. No repeats 💙 • Robinhood Lost 55% of Its Crypto Revenue. Prediction Markets Became Its New Growth Engine • Gold Tests Strategic Support at $4,000 Amid Market Volatility • Ripple and C2FO launch early invoice payment on XRPL using RLUSD http","author":"Neome.com (@Neome_com)"}]},"sources":[{"url":"https://x.com/Neome_com/status/2115444398200602868","name":"[bitcoin.com](https://news.bitcoin.com/crypto-news/robinhood-crypto-revenue-plunges-55-percent-q3-record-overall/) and [tokenpost.com](https://www.tokenpost.com","kind":"x","verdict":"TRUE","author":"Neome.com (@Neome_com)"}],"url":"https://oncast.fm/story/1793513428852-money-segment-robinhood-crypto-revenue-falls-55-percent","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793513428852-money-segment-robinhood-crypto-revenue-falls-55-percent","cite":"Cite https://oncast.fm/story/1793513428852-money-segment-robinhood-crypto-revenue-falls-55-percent and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Adam","text":"Neome just posted Robinhood's third-quarter numbers on X, and the headline is a gut punch for crypto."},{"host":"Bill","text":"Fifty-five percent down in crypto revenue. That's a slide, not a cliff."},{"host":"Adam","text":"The crypto unit made a hundred twenty million dollars. Prediction markets made one seventy-three."},{"host":"Bill","text":"So event contracts just became their real growth engine. That's a pivot."},{"host":"Adam","text":"It's a gamble. Not just for users—for the company."},{"host":"Bill","text":"They found something people want. That's not a gamble, that's demand."},{"host":"Adam","text":"Demand tied to the election cycle. It fades when the dust settles."},{"host":"Bill","text":"Fed decisions, CPI, even crypto itself. There's always an event to price."},{"host":"Adam","text":"Price? These are bets, Bill. Let's not dress it up."},{"host":"Bill","text":"Come on. People use them to hedge. Businesses too."},{"host":"Adam","text":"I think most volume is retail speculation. That's not a stable base."},{"host":"Bill","text":"Neither was crypto trading! That's exactly my point."},{"host":"Adam","text":"But you're swapping one volatile stream for another. And this one has regulatory risk."},{"host":"Bill","text":"They operate in the US. They're not running an offshore casino."},{"host":"Adam","text":"Today they can. If the CFTC reclassifies event contracts, the margin collapses."},{"host":"Bill","text":"You'd rather they just shrink with crypto and do nothing?"},{"host":"Adam","text":"I'd rather they not bet the whole company on a legal question mark."},{"host":"Bill","text":"A hundred seventy-three million dollars is not a question mark. It's revenue."},{"host":"Adam","text":"It's one quarter. The election cycle ends and we see what's left."},{"host":"Bill","text":"Fine. I'll grant the risk. But they adapted. That's what companies do."},{"host":"Adam","text":"They adapted fast. I'll give them that."},{"host":"Bill","text":"That's the closest you'll come to a compliment."},{"host":"Adam","text":"Speaking of real-world crypto use, Ripple and C2FO just announced early invoice payments on the XRP Ledger."},{"host":"Bill","text":"Now that's interesting. Vendors can settle invoices early using RLUSD, the Ripple stablecoin."},{"host":"Adam","text":"So a supplier gets paid ahead of terms, and the buyer gets a stablecoin settlement."},{"host":"Bill","text":"Exactly. It runs on the XRP Ledger, so it's fast and cheap."},{"host":"Adam","text":"It's a press release. Show me live transactions and then I'll care."},{"host":"Bill","text":"Banks and big corporates don't do pilots for fun. C2FO is a real fintech."},{"host":"Adam","text":"I'm not saying it's fake. I'm saying early invoice payments are a niche, not a revolution."},{"host":"Bill","text":"It's real adoption. That's more than most chains can say."},{"host":"Adam","text":"Fair point. But let's see it grow beyond one partner."},{"host":"Bill","text":"That's the bet every platform makes. At least it's a useful one."},{"host":"Adam","text":"Different world entirely—Ryan at Open posted on X a list of 35 crypto coins explained in one line."},{"host":"Bill","text":"Let me guess, Bitcoin is digital gold."},{"host":"Adam","text":"Exactly: Bitcoin is digital gold and decentralized money. Ethereum is smart contracts and DeFi."},{"host":"Bill","text":"Solana is high-speed blockchain. Revolutionary analysis."},{"host":"Adam","text":"But his warning is fair: if you own an altcoin but can't explain what it does, you might be taking more risk than you realize."},{"host":"Bill","text":"That's just basic financial literacy. Nothing new."},{"host":"Adam","text":"It's new for a lot of people in this market. Half the coins trade on a logo and a rumor."},{"host":"Bill","text":"Oh come on, that's an exaggeration. Most chains have a use case, even if it's weak."},{"host":"Adam","text":"A use case on a whitepaper isn't the same as users. Explain it in one line, that's the test."},{"host":"Bill","text":"Fine. Name one coin from his list and I'll explain it."},{"host":"Adam","text":"Go."},{"host":"Bill","text":"Bonk. It's a dog coin on Solana. Runs on memes and airdrops."},{"host":"Adam","text":"And what does it do? Exactly."},{"host":"Bill","text":"It pays for the occasional transaction and builds community."},{"host":"Adam","text":"That's not a one-line utility. That's a cult."},{"host":"Bill","text":"A very profitable cult, sometimes."},{"host":"Adam","text":"Until it isn't. Which is his point."}]}