📉 Robinhood is preparing to launch crypto services in Europe after missing Q3 revenue estimates! The company plans to launch crypto services in the Europe and UK region in the coming weeks as it looks for new options to increase its revenue.

- In Q3 2023, crypto-related revenue decreased by 55% to $23 million.

- Total transaction-based revenues decreased 11% year over year to $185 million.

- Robinhood did not specify at what scale it plans to offer crypto products in the European Union.

Other noteworthy news: Robinhood has been identified as the third largest Bitcoin whale with a $3 billion wallet.