Robinhood CEO Vlad Tenev Reveals What He’s ‘Most Excited’ About As Crypto Revenue Skyrockets 8X, Stock Surges 15% After Hours
Posted On February 13, 2025
Robinhood Markets Inc. (NASDAQ:HOOD) reported a more than fivefold jump in cryptocurrency volumes in the fourth quarter.
What happened: The trading platform released its quarterly financials after Wednesday’s market close and disclosed a cryptocurrency notional trading volume of $71 billion, up 400% year-over-year.
The volume surge helped boost cryptocurrency-related revenue to $358 million, marking a massive 700% jump from the last year. For context, this represented over half of the firm’s total transaction-based revenue for the quarter.
Robinhood also reported an 88% jump in assets under custody year-over-year, driven …
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