EddieJayonCrypto
12 Feb 25
Robinhood Markets reported a 700% surge in cryptocurrency trading revenue in the fourth quarter, reaching $358 million, up from $45 million a year earlier. This accounted for over one-third of total transaction-based revenue, which rose over 200% to $672 million. The trading boom pushed total Q4 rev...
Robinhood Markets reported a 700% surge in cryptocurrency trading revenue in the fourth quarter, reaching $358 million, up from $45 million a year earlier. This accounted for over one-third of total transaction-based revenue, which rose over 200% to $672 million. The trading boom pushed total Q4 revenue up 115% year-over-year to $1.01 billion, with net income soaring over tenfold to $916 million.
Robinhood is deepening its presence in crypto, with plans to expand internationally and tokenize equities and private investments. The company's crypto notional trading volume surged over 400% to $71 billion in the quarter. Additionally, Robinhood is targeting Asia-Pacific expansion in 2025 and is expanding its options and futures trading products.
Robinhood's international expansion plans include Asia-Pacific launch in 2025, while the company also announced the acquisition of Bitstamp for $200 million and plans for tokenization.
Shares of Robinhood have rallied over 365% in the past year, driven by its return to profitability and a surge in trading activity, particularly in crypto. Shares were up 4.8% to $55.91 by the closing bell and a further 17% to $65.45 in after-hours trading.