Robinhood Markets reported its first quarter (Q1) earnings on Wednesday, revealing commendable progress over the previous a number of months.
The event provides to Robinhood’s record of bullish developments this yr after the US SEC (Securities and Change Fee) dropped its probe in opposition to the net brokerage platform.
Robinhood Information 100% Q1 Crypto Income Progress
Robinhood Markets reported its Q1 earnings on Wednesday, April 30, detailing its monetary outcomes for the primary quarter of 2025. The platform’s CEO and co-founder, Vlad Tenev, and CFO Jason Warnick led the published, which was shared on X (Twitter) and YouTube.
Whereas Tenev and Warnick had a lot to say in regards to the brokerage platform’s efficiency in Q1 2025, the spotlight was its crypto income between January and April.
Reportedly, crypto revenues doubled to $252 million, marking a 100% improve year-over-year (YoY). In the identical tone, crypto buying and selling volumes hit $46 billion, up by 28% YoY.
These are notable feats given fierce competitors from centralized exchanges like Binance and Coinbase.
“We started the yr sturdy with 50% YoY income progress and 106% EPS progress, alongside disciplined expense administration. We’re additionally returning capital aggressively with expanded share repurchases, signaling confidence in our long-term progress,” stated Warnick.
Maybe the latest transfer by the US SEC to drop its probe into Robinhood exacerbated the monetary traction. Regardless of its Might 2024 Wells Discover in opposition to the platform, the securities regulator concluded the investigation with out penalties.
Robinhood Shares Strategic and Operational Highlights
Past monetary traction, Robinhood’s Q1 earnings revealed accelerated product innovation on completely different paradigms, together with Robinhood Methods, Banking, and Cortex. In line with Tenev, prospects warmed as much as the platform’s choices, including credence to the platform’s notable Q1 revenues.
“…prospects responded with record-breaking internet deposits, Gold subscriptions, and buying and selling quantity throughout all asset courses,” Tenev said.
Among the many improvements introduced, comprising strategic and operational highlights, is a Bitstamp acquisition within the pipeline, anticipated to shut mid-2025. BeInCrypto lately reported particulars of the acquisition, citing a $200 million deal.
The acquisition comes as Robinhood appears to reinforce its crypto providers. Bitstamp brings over 50 energetic licenses and registrations worldwide. With this, Robinhood will combine a good institutional enterprise into its ecosystem.
Past the Bitstamp acquisition, Robinhood can be engaged on international growth into the UK and EU, positioning itself as a fierce competitor within the crypto house.
Robinhood can be innovating with prediction markets like Kalshi and superior dealer instruments, tapping into the rising demand for numerous crypto choices. Its prediction market has reportedly traded over 1 billion occasion contracts in six months.
With 25.8 million funded prospects and $221 billion in platform belongings, Robinhood is changing into a go-to monetary hub for crypto-savvy customers.
Regardless of the bullish developments, Robinhood’s HOOD token has solely elevated by a modest 1% within the final 24 hours. As of this writing, it traded for $0.00003370 on the MEXC alternate in opposition to the USDT stablecoin.
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