Robinhood stock slips despite new license

Robinhood just secured a major license to launch in Dubai, yet the stock immediately slipped over 4%. Despite handling $17.5 billion in crypto trades, revenue from digital assets has plummeted 38% year-over-year. Even more shocking: the "retail" giant now sees the majority of its crypto volume coming from institutions via Bitstamp, not individual traders. Is Robinhood losing its grip on the retail market it once dominated? What’s your take?
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