Crypto companies are trying to leave the hype cycle for a more disciplined phase, earnings show
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Crypto companies saw Robinhood’s crypto trading revenue collapse 47% in Q1, while event‑contract revenue rose 320% YoY to $147 million.
- Crypto companies reported a 169% year‑over‑year increase in crypto derivatives trading at Coinbase, boosting its tokenized‑commodity and other diversified offerings.
- Crypto companies posted a 292% YoY surge in revenue from Gemini’s consumer credit‑card business, reflecting its push into predictions, derivatives, and upcoming stock products.
Why it matters: Investors in crypto platforms gain steadier cash flow as firms pivot to event contracts, derivatives, and credit‑card fees, while pure‑trading revenue streams lose market share, reducing exposure to volatile Bitcoin swings.
