The Traderszone Network

Published in TZ Latest News 29 October, 2021 by The TZ Newswire Staff

Dogecoin revenue on Robinhood drops from 32% to just 8% of total, falls 7.6% Friday

It seems Robinhood investors have fallen out of love with Dogecoin. On Friday, the Menlo Park, California-based broker revealed that its revenues from transactions with Dogecoin accounted for just 8% of its total net revenues of $364.9 million in the third quarter, Fortune.com reported. In comparison, Robinhood collected 32% of its total revenues from Dogecoin transactions in the second quarter of the year.

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