{"id":12889,"date":"2025-02-13T13:02:50","date_gmt":"2025-02-13T13:02:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12889"},"modified":"2025-02-13T13:02:50","modified_gmt":"2025-02-13T13:02:50","slug":"robinhood-sees-700-jump-in-crypto-revenue-in-q4-surpasses-1-billion","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12889","title":{"rendered":"Robinhood Sees 700% Jump In Crypto Revenue In Q4, Surpasses $1 Billion"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Robinhood has achieved its highest-ever quarterly profit, reporting a staggering 700% increase in cryptocurrency revenue during the fourth quarter.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/02\/12\/3025427\/0\/en\/Robinhood-Reports-Fourth-Quarter-and-Full-Year-2024-Results.html\" target=\"_blank\" rel=\"nofollow\">On 12 February 2025, Robinhood released Fourth Quarter and Full Year 2024 Results.<\/a> The company\u2019s Q4 revenues went up 115% year-on-year to a record $1.01 billion.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">FOR THE FIRST TIME EVER<\/p>\n<p>Robinhood <a href=\"https:\/\/twitter.com\/search?q=%24HOOD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$HOOD<\/a> just had its first quarter with more than $1 Billion of Revenue <a href=\"https:\/\/t.co\/Pk8VCreRlq\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Pk8VCreRlq<\/a><\/p>\n<p>\u2014 Evan (@StockMKTNewz) <a href=\"https:\/\/twitter.com\/StockMKTNewz\/status\/1889792533292572876?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cQ4 was a record-breaking quarter that caps off a record-setting year in 2024,\u201d\u00a0said Jason Warnick, Chief Financial Officer of Robinhood.<\/p>\n<p>Robinhood\u2019s crypto notional volumes increased over 400% year-on-year, reaching $71 billion in Q4 2024. This was on the back of seven new crypto assets launched in the US and Ethereum (ETH) staking launch in the EU.<\/p>\n<p>Commenting on the impressive results, Vlad Tenev, CEO and Co-Founder of Robinhood said,\u00a0\u201cWe hit the gas on product development in 2024 with a new platform for active traders, Gold Card launch, an expanded UK and EU product suite, and much more.\u201d<strong>\u00a0<\/strong><\/p>\n<p>Meanwhile Warnick said, \u201cFor both the quarter and full year, we reached new highs for Assets Under Custody, Net Deposits, Gold Subscribers, Revenues, Net Income, Adjusted EBITDA, and EPS.\u201d<\/p>\n<h2>Major Power Moves By Robinhood<\/h2>\n<p>Let\u2019s talk the recent major power moves Robinhood made!<\/p>\n<p>The company announced plans to expand into the Asia-Pacific region in 2025.\u00a0 It will be headquartered in Singapore now.<\/p>\n<p>Earlier this week, the company also started to offer options trading to its UK customers.<\/p>\n<p>In June 2024, Robinhood announced the acquisition of Bitstamp. The acquisition is expected to close in the first half of 2025.<\/p>\n<p>\u201cWe\u2019re entering 2025 with strong momentum as we remain focused on delivering another year of profitable growth,\u201d Warnick added.<\/p>\n<p>Furthermore, the company revealed that its outlook for combined Adjusted Operating Expenses and SBC for full-year 2025 is $2.0 billion to $2.1 billion.<\/p>\n<p>Tenev said, \u201cWe see a huge opportunity ahead of us as we work toward enabling anyone, anywhere, to buy, sell, or hold any financial asset and conduct any financial transaction through Robinhood.\u201d<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/robinhood-expands-to-spain-offering-crypto-trading-and-staking-under-mica-regulations\/\" rel=\"bookmark\">Robinhood Expands To Spain, Offering Crypto Trading And Staking Under MiCA Regulations<\/a><\/strong><\/p>\n<h2>Company\u2019s European Expansion<\/h2>\n<p><span data-preserver-spaces=\"true\">Robinhood Crypto<a href=\"https:\/\/x.com\/RobinhoodCrypto\/status\/1881635355020922992\" target=\"_blank\" rel=\"nofollow noopener nofollow\">\u00a0announced<\/a>\u00a0its entry into Spain on 21 January 2025, enabling users\u00a0<\/span><span data-preserver-spaces=\"true\">in the country<\/span><span data-preserver-spaces=\"true\">\u00a0to access its trading, staking, and investing services.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This marks the company\u2019s latest move to broaden its European presence, following the implementation of the EU\u2019s Markets in Crypto-Assets (MiCA) regulations at the end of December 2024.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Robinhood\u2019s expansion aligns with its previously announced strategy to grow in Europe, the UK, and Asia. \u201cIn terms of\u00a0<\/span><span data-preserver-spaces=\"true\">total<\/span><span data-preserver-spaces=\"true\">\u00a0addressable market, [the EU] is as big as the US,\u201d Johann Kerbrat, general manager of Robinhood\u2019s crypto unit, noted last year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Robinhood <\/span><a href=\"https:\/\/newsroom.aboutrobinhood.com\/launching-crypto-transfers-in-europe\/\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> the expansion of its crypto services to Europe on 1 October 2024.\u00a0<\/span><span style=\"font-weight: 400\">With this, European users will be able to transfer crypto between their Robinhood accounts and external wallets. This has also been \u201cthe most requested feature\u201d in Europe, the company revealed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Commenting on the development, Johann Kerbrat, VP and GM of Robinhood Crypto said, \u201cWith the launch of crypto transfers in Europe, we\u2019re making self-custody and entering DeFi simpler and more accessible for our customers.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">By enabling crypto transfers, Robinhood will be able to provide European users with flexibility and control over their digital assets.<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/robinhood-introduces-crypto-transfers-in-europe-continues-expanding-in-eu\/\" rel=\"bookmark\">Robinhood Introduces Crypto Transfers In Europe, Continues Expanding In EU<\/a><\/strong><\/p>\n<p>\u00a0<\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\"><span style=\"font-weight: 400\">Robinhood has recorded its highest-ever quarterly profit. <\/span><\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">The company said \u201cit hit gas on product development,\u201d hence the staggering 2024 numbers. <\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/robinhood-sees-700-jump-in-crypto-revenue-in-q4-surpasses-1-billion\/\">Robinhood Sees 700% Jump In Crypto Revenue In Q4, Surpasses $1 Billion<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood has achieved its highest-ever quarterly profit, reporting a staggering 700% increase in cryptocurrency revenue during the fourth quarter.\u00a0 On 12 February 2025, Robinhood released Fourth Quarter and Full Year 2024 Results. The company\u2019s Q4 revenues went up 115% year-on-year to a record $1.01 billion. FOR THE FIRST TIME EVER Robinhood $HOOD just had its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12889","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12889"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12889\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}