- Robinhood Q4 revenue reached $1.01 billion driven by strong crypto trading growth.
- Crypto trading volume surged 400 percent in Q4 boosting Robinhood’s earnings.
- Robinhood expanded crypto offerings adding new assets and launching services in Spain.
Robinhood’s revenue has reported an increase of $1.01 billion in Q4. The firm has surpassed Wall Streets’ expectation of $940.8 million. The performance was impacted by aggressive trading in cryptocurrencies.
The company’s revenue increased by 700%, in digital assets amounting to $358 million. According to a Bloomberg report, cryptocurrency trading volume has soared to $70 billion in the quarter. This was a 400% increase compared to the previous period. Crypto trading volumes had decreased from $36 billion Q1 to $14.4 billion in Q3 earlier in the year.
Bitcoin Rally Fuels Crypto Growth
The resurgence in crypto activity came after the price of Bitcoin surged above $100,000, after the November elections. The volatility of the markets and a renewed investor interest contributed to the strong earnings Robinhood generated from digital assets. The firm’s cryptocurrency transaction-based revenue represented a large part of its overall revenue.
As the demand for crypto grew, Robinhood scaled its offerings. The company listed seven new digital assets for users in the United States and launched Ethereum staking services in the European Union. Robinhood also launched services in Spain, aligning with the EU’s MiCA regulations. Spanish users now have access to crypto trading, staking, and trending assets, including the TRUMP meme coin.
Continued Expansion and Financial Performance
The company reported its fifth consecutive quarter of positive net income. Q4 earnings at the firm climbed up to $916 million, a significant leap from the previous year. Diluted earnings per share rose to $1.01, showing a strong financial performance from the company.
Total assets under custody (AUC) reached $193 billion, a 88% increase from last year. The increase was fueled by upward valuations for stocks, cryptocurrencies and stable user deposits. Equity trading volume also had a sharp rise, reaching $423 billion for the quarter.
Robinhood continues to expand its product offerings and global reach. The company introduced U.S. equity-options trading for UK customers and plans to enter the Asian market with a Singapore-based headquarters in 2025. Additionally, CME Group will offer XRP and Solana futures on Robinhood’s platform, providing U.S. retail traders with new investment opportunities.
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