![]() ![]() Robinhood delivers major product developments Looking ahead, we have a suite of new products and services slated for release that we believe will excite and delight our customers.” “With the introduction of the Robinhood Cash Card, the release of crypto wallets to all customers, the addition of new coins to our platform, and our agreement to acquire Ziglu Limited, we’ve made huge strides against our roadmap. "This quarter saw our product development engine gain velocity with the rollout of some of our most requested features and capabilities,” said Vlad Tenev, CEO and Co-Founder of Robinhood Markets. "At the same time, we've also made progress on our long-term plans and continue to pursue them aggressively." "We're seeing our customers affected by the macroeconomic environment, which is reflected in our results this quarter," said Jason Warnick, Chief Financial Officer of Robinhood Markets. Cash and cash equiva lents at Matotaled $6.2 billion, compared with $6.3 billion at March 31, 2021.The decreases were primarily related to lower transaction-based revenue driven by the current market environment, which had a negative impact on the number of traders and notional trading volumes in all asset classes. On a sequential basis, ARPU decreased 18% compared with $64 in the fourth quarter of 2021. ![]()
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