Busier, Not Richer: Robinhood, Coinbase and Circle in Q3
Photo: Coindoo
Key Takeaways Robinhood event-contract revenue rose $146M; crypto fell $148M Coinbase kept $35M less USDC revenue after rewards Without ARC presale, Circle’s revenue fell 8% USDC volume rose 49%; reserve income fell 8% Robinhood’s October 27 results , Coinbase’s October 29 earnings presentation and Circle’s November 4 release put numbers on that trade-off, although none of the three reports profit by product line. The comparisons below set each new revenue line against the costs the companies do disclose: exchange fees, customer rewards and payments to distribution partners.
Source: Coindoo
