Crypto Boom Boosts Robinhood’s Revenue by Over 700% in Q4 2024

Description

Robinhood Markets saw its revenue more than double in the fourth quarter of 2024. This was fueled by a surge in cryptocurrency trading owing to the favorable US presidential election. The company reported $1.01 billion in revenue, which surpassed analysts’ projections of $940.8 million. Robinhood Doubles Revenue in Q4 2024 Crypto trading played a significant role as revenue in this category increased by more than 700% to $358 million, according to Robinhood’s latest report . Meanwhile, Assets Un...