Robinhood Markets Inc said on Wednesday that lower trading activity was likely to affect its third quarter, after it reported a 131% jump in second-quarter revenue fueled in part by a surge in cryptocurrency trading.
Shares of Robinhood, owner of the trading app that emerged as the gateway for investors seeking to get in on this year’s mania for so-called meme stocks, were recently down 5.32% in aftermarket trading after the brokerage said the current quarter will also be affected by fewer funded accounts.
