{"id":13110,"date":"2025-02-14T13:46:31","date_gmt":"2025-02-14T13:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13110"},"modified":"2025-02-14T13:46:31","modified_gmt":"2025-02-14T13:46:31","slug":"crypto-trading-boom-sends-robinhoods-revenue-past-1-billion","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13110","title":{"rendered":"Crypto Trading Boom Sends Robinhood\u2019s Revenue Past $1 Billion"},"content":{"rendered":"
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Robinhood finished 2024 on a high note, thanks to its $1 billion growth in the fourth quarter, which exceeded analysts\u2019 estimates. The company\u2019s fourth-quarter revenue hit $1.01 billion, beating analysts\u2019 estimates of $940.8 million. Also, Robinhood\u2019s crypto trading volume surged by 700%, banking $358 million.<\/p>\n

As Bloomberg and other media outlets reported, the popular brokerage was buoyed by interest in the crypto market during the US election cycle. The company\u2019s fourth-quarter revenue was $1.01 billion, beating analysts\u2019 estimates of $940.8 million.<\/p>\n

Robinhood Benefitted From Surge In Crypto Trading In Q4<\/h2>\n

According to a Bloomberg report<\/a>, Robinhood saw a surge in crypto trading in the fourth quarter of 2024. The company\u2019s crypto trading volume increased by 700%, reflecting a total revenue of $358 million.<\/p>\n

Robinhood\u2019s impressive fourth-quarter performance compensated for its poor third-quarter performance with $14.4 billion in revenues, a massive drop from the first quarter\u2019s $36 billion.<\/p>\n

The company benefited from increased trading activity in the last quarter of the year, fueled by enthusiasm over the results of the US elections. This was also the time when Bitcoin surged past the $100k mark.<\/p>\n

\n

\"\ud83d\udce2\" Robinhood Soars 15% After Blowing Past Q4 Profit Estimates \"\ud83d\ude80\"\"\ud83d\udcca\"<\/p>\n

\"\ud83d\udd39\" Q4 revenue surpasses $1B for the first time in company history \"\ud83d\udcb0\"
\n\"\ud83d\udd39\" Transaction-based revenue up 236% YoY to $672M, fueled by trading frenzy \"\ud83d\udcc8\"
\n\"\ud83d\udd39\" Crypto trading revenue surges 700% as Bitcoin nears $100K\u2026 pic.twitter.com\/VFhqMJTmZ7<\/a><\/p>\n

\u2014 AFV GLOBAL (@afvglobal) February 13, 2025<\/a><\/p>\n<\/blockquote>\n

Robinhood Expands Cryptocurrency Offerings<\/h2>\n

Robinhood expanded its cryptocurrency offerings<\/a> by adding seven new tokens for its US customers to address the growing market demands. It also launched its ETH staking services for customers based in the European Union.<\/p>\n

The popular brokerage also expanded its services in Spain, complying with the latest EU\u2019s MiCa regulations. Robinhood now boasts cryptocurrency trading staking and supports viral digital assets like the TRUMP coin.<\/a><\/p>\n

According to CEO Vlad Tenev, the company focused on its product development in 2024. In a statement, Tenev shared that it found an opportunity and now offers its customers a secure way to trade or hold digital assets.<\/p>\n

<\/p>\n

A Streak Of Profitable Quarters<\/p>\n

Robinhood continues to grow its profitability, extending its streak to a fifth quarter of net positive income. The company\u2019s fourth-quarter results beat last year\u2019s net income at $0.03 per share. Also, Robinhood\u2019s diluted earnings per share increased to $1.01, reflecting strong financial performance.<\/p>\n

The brokerage ends the year with $193 billion in total assets under custody (AUC), an 88% increase from last year. Robinhood\u2019s growth in total assets was supported by increased valuations in digital assets<\/a> and equities, including the growing net deposits from customers.<\/p>\n

Also, the company\u2019s equity trading value surged to $423 billion in the quarter, a 154% increase from last year. The reported increase in income makes Robinhood one of the best-performing retail trading platforms for the quarter.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Robinhood finished 2024 on a high note, thanks to its $1 billion growth in the fourth quarter, which exceeded analysts\u2019 estimates. The company\u2019s fourth-quarter revenue hit $1.01 billion, beating analysts\u2019 estimates of $940.8 million. Also, Robinhood\u2019s crypto trading volume surged by 700%, banking $358 million. As Bloomberg and other media outlets reported, the popular brokerage […]<\/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-13110","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\/13110","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=13110"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13110\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}