Ripple Partners With Robinhood to Expand RLUSD Use

Robinhood CEO Vlad Tenev stated the company aims to integrate prediction markets with its personal-finance offerings, investing in personalization and relevant content. Robinhood reported $173M in event contract revenue for Q3, up over six times year-over-year, with 16.4B contracts traded. Total revenue rose 12% YoY to $1.424B, beating expectations. Cryptocurrency transaction revenue fell 55% to $120M. Shares dropped 7.63% in after-hours trading.

Robinhood (HOOD) reported Q3 2026 earnings, highlighting 17 new products, including Agentic Trading, perpetual futures, and 24/7 equity trading. The company saw strong adoption with 5 million Robinhood Gold subscribers and $100 billion in DEX volume on its blockchain. Revenues grew 12% YoY to $1.4B, and adjusted EBITDA increased 9% to over $800M. Robinhood also expanded globally, receiving authorization to operate in Dubai.

Ripple's Swell conference featured announcements including a partnership with Robinhood, expanded ties with BNY Mellon, and a new corporate treasury product. Treasury Secretary Scott Bessent highlighted the role of stablecoins in extending the dollar's global reach. Ripple also received a federal bank charter for managing reserves. The company is positioning itself as a provider of dollar-backed infrastructure.

Ripple and Robinhood partnered to integrate Ripple's $RLUSD stablecoin into Robinhood's retail and institutional platforms. $RLUSD is live on Robinhood Chain and Bitstamp, with app integration expected later this year. $XRP, the native asset of the XRP Ledger, traded at $1.32, up 2.2% over 24 hours, with a market cap of $83.7 billion. The deal expands stablecoin access and institutional settlement services, with Ripple Treasury and Ripple Prime also integrated.

Robinhood Markets (HOOD) reported Q3 2026 earnings of $0.51 EPS, missing estimates of $0.55. Revenue rose 12% to $1.42B, but net income fell 14% to $476M. Crypto revenue dropped 55% to $120M, impacting profitability. Transaction-based revenue grew 19% to $867M, showing resilience in other areas.

Robinhood reported Q3 2026 revenue of $1.4B, up 12% YoY, with adjusted EBITDA of $808M. October net deposits exceeded $13B, surpassing annual targets. The company now has 14 revenue streams each generating $100M+ annually. Robinhood Chain and event contracts showed strong growth, contributing $50M and sevenfold revenue increase, respectively. Management raised confidence in full-year expense outlook, lowering the top end by $25M.