Robinhood Crypto Revenue Expected to Decline in Q1 After Record Q4 2024 Surge
Robinhood Markets Inc. (HOOD) faces a challenging first quarter as crypto trading revenue is projected to retreat from its record-breaking fourth-quarter performance. JPMorgan analyst Kenneth Worthington anticipates a significant drop in digital asset volumes, citing weakened market conditions across both equities and cryptocurrencies.
The trading platform’s Q4 2024 crypto revenue skyrocketed 700%, driving substantial growth in transaction-based income. However, preliminary estimates suggest Q1 2025 crypto trading volume could fall to $52 billion from $71 billion in the prior quarter. Robinhood will report earnings after Wednesday’s market close.