Robinhood’s Crypto Revenue Faces Headwinds as Market Volatility Rises
Robinhood’s Stellar cryptocurrency trading performance in Q4 2024 appears unsustainable as market conditions deteriorate. Transaction-based income, which surged last quarter, now faces pressure from declining crypto volumes and risk-averse sentiment.
JPMorgan analyst Kenneth Worthington observes a sharp drop in Robinhood’s trading volumes—from $71 billion in Q4 to an estimated $52 billion in Q1. The contraction mirrors broader market trends, where both equities and digital assets face headwinds.