Robinhood Q1 Revenue Surges 50% on Crypto Trading Boom
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Robinhood Markets Inc. reported a stronger-than-expected first quarter, with revenue climbing 50% year-over-year as cryptocurrency trading volumes doubled. The platform’s transaction-based revenue—fueled by options, equities, and digital assets—jumped 77% to $252 million from crypto alone.
Retail traders flocked to the platform amid market volatility, pushing crypto revenue past analyst estimates of $247 million. The results underscore Robinhood’s growing dominance in retail-facing crypto services, though no specific coins or exchanges were cited in the earnings release.
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