Robinhood’s Q2 crypto revenue skyrocketed by 161% to $81 million, more than double its earnings from equities.

Despite a dip in user activity and a 27% drop in total trades, Robinhood’s crypto assets under custody rose by 57%.

The firm is also set to acquire crypto exchange Bitstamp and expand its AI capabilities with the acquisition of Pluto Capital. 

Robinhood (HOOD) stock fell 0.52% to $17.12 on Aug. 7 but is up 2.86% since the firm’s Q2 results came out in after-hours trading