“The brokerage platform saw a record $80B in crypto trading volume; shares dipped in after-hours action despite the earnings beat.”, — write: www.coindesk.com
The company handled $80 billion in crypto trading volume during the quarter, posting $268 million in crypto-related revenue, up from $61 million in the same quarter last year. Adjusted earnings per share (EPS) came in at $0.61 against Street estimates for $0.53; total net revenue reached $1.27 billion versus forecasts for $1.21 billion.
Shares were down 2% in after-hours trading, but remained higher by about 260% year-to-date.
“Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines — Prediction Markets and Bitstamp — that are generating approximately $100 million or more in annualized revenues,” said CFO Jason Warnick. “And Q4 is off to a strong start in October, with record monthly trading volumes across equities, options, prediction markets, and futures, and new highs for margin balances.”
The company now has a market capitalization of $126 billion, putting it above rivals like Coinbase (COIN), which reported strong earnings last week.
The strong results follow a string of moves to deepen Robinhood’s crypto footprint. Earlier this year, the firm acquired Bitstamp, expanding its regulatory presence and user base in more than 50 countries.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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European session buying lifted volume 78% above the 24-hour average as bitcoin cash set higher lows at $462.67, $474.27 and $479.03.
- Breakout above $487 occurred during the European session on sustained buying, sending BCH up 3.3% to $491.80.
- Volume peaked at 33,795 units on Nov. 4 at 21:00, 78% above the 24-hour average of 13,478.
- Resistance formed near $495 including a $495.30 session high, while support sits at $490, $487 and $479.03.
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