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Robinhood Crypto Revenue Soars Over $350 Million Thanks to Bitcoin Excitement

2 mins mins
Robinhood Crypto Revenue Soars Over $350 Million Thanks to Bitcoin Excitement

Key Points:

  • Robinhood’s Q4 2024 revenue surged 115% YoY to $1.01 billion, with net income soaring to $916 million.
  • Robinhood crypto revenue skyrocketed 700% to $358 million, contributing to a 200% YoY rise in transaction-based revenue.
  • The company expanded its product offerings, adding new cryptocurrencies and launching Ethereum staking in Europe.

Robinhood delivered record-breaking financial results in the fourth quarter of 2024, driven by a surge in cryptocurrency trading and strong transaction-based revenue growth.

Read more: Robinhood Crypto Rewards Launching in the New Year 2025 for Eligible Users 

Robinhood Crypto Revenue Increases 700% in Q4

The company reported total revenue of $1.01 billion, a 115% increase year-over-year and a 59% rise from the previous quarter. Following the earnings report, Robinhood’s stock hit a 52-week high in after-hours trading.

This image has an empty alt attribute; its file name is Robinhood-Share-Price-1024x697.png
Robinhood stock hit a 52-week high. Source: Google Finance

Crypto trading played a crucial role in Robinhood’s performance, with transaction volume surging 400% year-over-year to $70 billion. Robinhood crypto revenue skyrocketed 700% to $358 million, outpacing all other segments.

Meanwhile, options trading revenue climbed 83% to $222 million, and equity trading revenue rose 144% to $61 million, bringing the total transaction-based revenue to $672 million, a 200% annual increase.

Strategic Expansions Drive Future Market Opportunities

Robinhood crypto revenue credited its success not only to market trends, such as Bitcoin’s rally past $100,000 and increased institutional adoption, but also to strategic product expansions.

In Q4, Robinhood introduced seven new cryptocurrencies to its U.S. platform, launched Ethereum staking for European users, and announced plans for futures trading in Bitcoin, oil, and gold.

Robinhood also reported record net deposits of $16 billion in the fourth quarter. The number of Robinhood Gold subscribers expanded by 86% year-over-year, reaching 2.6 million members.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avatar of John Kojo Kumi

John Kojo Kumi

13 February 2025, 02:41:53 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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