Robinhood eyes European expansion amid Q3 revenue drop

Trading platform Robinhood has revealed its intentions to expand into Europe in the coming weeks. The company is exploring establishing brokerage operations in the United Kingdom. It made this decision known on Tuesday, Nov 7.

The commission-free trading app made this announcement as it revealed its third-quarter results, indicating a revenue miss. Robinhood attributed the decline in its transaction-based revenue to reduced cryptocurrency trading volumes on the platform.

The firm reported a net revenue of $467 million, slightly below the average analyst estimate of $478.9 million. Nevertheless, this marked a 29% growth compared to the same period last year. Transaction-based revenues…

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