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Robinhood Expands Crypto Focus Amid Strong Trading Performance
Robinhood Expands Crypto Focus Amid Strong Trading Performance
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Robinhood is deepening its commitment to cryptocurrency as trading activity continues to drive revenue. The platform reported $583 million in transaction revenues for Q1, with crypto contributing $252 million—a 100% year-over-year increase despite falling from Q4’s record $358 million.
Analysts note Robinhood’s resilience after April’s market turbulence, with net deposits reaching $6.5 billion and margin balances holding steady at $8.4 billion. The platform’s crypto diversification strategy emerges as digital assets claim 43% of total transaction revenue.
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