The Robinhood Markets reported the first quarter (Q1) earning this Wednesday, announcing the praiseworthy growth over the past few months.
Development adds to the Robinhood list of Bullish Development this year after the US SEC (Securities and Exchange Commission) has dropped the investigation against the online brokerage platform.
Robinhood Records 100% Q1 Crypto Revenue Growth
Robinhood Markets reported Q1 revenues on Wednesday, April 30, which detailed financial results for the first quarter of 2025. The CEO of the platform and co-founder, Vlad Tenev, and CFO Jason warnick led the broadcast, shared with X (Twitter) and YouTube.
While Tenev and warnick have a lot to say about the Broker's platform performance in Q1 2025, the highlight is the crypto income between January and April.
Reported, crypto revenues doubled to $ 252 million, marking a 100% year-to-year increase (yoy). In the same tone, crypto trading volumes hit $ 46 billion, up to 28% yoy.
These are well -known feats given wild competition from centralized exchanges such as Binance and Coinbase.
“We started the year with a strong 50% Yoy income growth and 106% EPS growth, at the same time as discipline cost management. We also return aggressive capital to expanded sharing shares, signing trust in our long-term growth,” Says Warnick.
Probably The recent US SEC transfer to drop its investigation into Robinhood that aggravated financial traction. Despite the May 2024 Wells notice against the platform, the security regulator terminated the investigation without penalty.
Robinhood shares strategic and running highlights
Beyond the financial traction, Robinhood's Q1 revenues revealed the accelerated product change in various paradiggles, including Robinhood, Banking, and Cortex techniques. According to Tenev, customers warmed up platform offerings, increasing credentials to the platform's well -known Q1 revenues.
“… Customers respond with record-breaking net deposit, gold subscriptions, and trading volume in all classes of property,” Tenev said.
Among the innovations presented, consisting of strategic and operational highlights, is a bitstamp extraction in the pipeline, expected to close mid 2025. Beincrypto has recently reported the details of the acquisition, citing a $ 200 million deal.
Acquisition is coming as Robinhood seems to be to enhance its crypto services. Bitstamp carries over 50 active licenses and registrations worldwide. Using it, with robinhood a respectable institutional business in its ecosystem.
Beyond the acquisition of Bitstamp, Robinhood is also working on global expansion in the UK and EU, which positions itself as a fierce competitor in the crypto space.
Robinhood is also changing in predicting markets such as MAMINHI and Advanced Trader Tools, which has grown in growing demand for different crypto offerings. Its prophecy market has reportedly exchanged more than 1 billion event contracts in six months.
With 25.8 million funded customers and $ 221 billion in platform assets, Robinhood becomes a go-to financial hub for crypto-savvy users.
Despite bullish developments, the Robinhood hood token has only increased by a moderate 1% in the last 24 hours. As of this writing, it exchanged $ 0.00003370 in the MexC exchange against USDT Stablecoin.
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