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Data reveals that in the first quarter, cryptocurrency trading revenue dropped just by 1%. In Q1, Robinhood reported crypto trading revenue of $38 million, which should be compared to the overall trading revenue of $441 million across all of the company’s businesses. This indicates a year-over-year increase of 47.5%. An analysis of the company’s holdings reveals that the firm holds $11.5 billion worth of cryptocurrencies. This is 36% up from the company’s holdings in Q4, 2022.

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