Robinhood Markets record second-quarter revenue on July 29, supported by rapid growth in event contracts, options trading and equities. However, Robinhood stock moved lower as investors weighed the company’s declining cryptocurrency revenue and the impact of one-off gains on quarterly earnings. Robinhood stock closed the July 29 trading session at $89.84 after from its previous close of $92.76. Robinhood stock price over the past day (Source: Google Finance)The negative stock movement came despite reporting total net revenue of $1.31 billion for the quarter ended June 30. Event Contracts Become Robinhood’s Fastest-Growing BusinessTransaction-based revenue increased 44% to $776 million, driven by strong activity across event contracts, options and equities.