Robinhood’s Crypto Revenues Soar 300%, Smashing Wall Street Expectations

Robinhood Markets reported a staggering 300% surge in crypto-related revenues for the third quarter, far exceeding analyst projections. The trading platform’s total revenue doubled year-over-year to $1.27 billion, with crypto transactions contributing nearly $270 million. This growth underscores the increasing influence of digital assets on traditional financial platforms.

Transaction-based revenue skyrocketed 130% to $730 million, while earnings per share climbed 260% to $0.61. The acquisition of Bitstamp and expansion into prediction markets are already generating $100 million in annualized revenue, signaling Robinhood’s strategic pivot toward diversified crypto offerings.

Once synonymous with commission-free equities trading, Robinhood now embraces tokenized stocks and global prediction markets. Executives see significant untapped potential in these emerging sectors, particularly as crypto volatility continues to drive quarterly performance.