20200708 Dogecoin Up 800x450 0uMtPK

Robinhood sees slide in Dogecoin trading interest

Much decline. 
Robinhood — the crypto and equities broker — has released financial data showing that trading in meme-coin Doge declined from 62% of its cryptocurrency transaction revenue in Q2 to 40% in the most recent quarter. 
“For the three months ended September 30, 2021, 40% of our cryptocurrency transaction-based revenue was attributable to transactions in Dogecoin, as compared to 62% for the three months ended June 30, 2021 and 34% for the three months ended March 31, 2021,” the firm said in a filing reviewed by The Block Research on Wednesday. 

The dogecoin data shouldn’t come as a surprise given the sanguine quarter for Robinhood’s crypto business in Q3. The firm reported earnings for the third quarter at the end of October, showing a broader decline in interest in the crypto market during that period. 
Popularity in Dogecoin trading translated into a strong second quarter for Robinhood’s crypto business. Still, crypto traders are a fickle bunch, often moving qui

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