Robinhood Crypto COO Departs as Trading Slowdown Hits Revenue

Robinhood’s crypto unit faces a strategic inflection after Crypto COO Tatyana Denisova resigned amid a sharp slowdown in retail trading. Crypto revenue plunged 47% year‑over‑year to $134 million in Q1, missing estimates, prompting the company to accelerate efforts to diversify into traditional financial services and wealth management. The move reflects broader industry weakness — major exchanges like Coinbase have also seen lower trading activity — and signals Robinhood may reduce promotional incentives and recalibrate its crypto offerings. Investors should view the departure and revenue miss as negative near‑term signals for Robinhood’s crypto profitability, though user-facing services are not expected to change immediately.