Robinhood Achieves $1B Q4 Revenue, Driven by Explosive Crypto Trading Growth
Robinhood reported a record-breaking Q4 with $1.01 billion in revenue, a 37% increase from the previous quarter.
This growth was largely driven by a nearly 500% rise in crypto trading fees, totaling $358 million. The company also posted net income of $916 million, exceeding analysts’ expectations. Crypto trading volumes hit $71 billion, up over 400% from last year, and Robinhood introduced ether staking in the EU and added seven new crypto assets in the U.S.
CEO Vlad Tenev remains optimistic about crypto’s future, especially following the acquisition of Bitstamp, expected to close in 2025.
Clever Robot News Desk 14th February 2025
