Robinhood Stock Hits Record High Amid Crypto Expansion and Market Rally

Robinhood Markets Inc. (HOOD) has surged to an all-time high of $92, marking a 200% rebound from April lows and a staggering 1,042% climb from its 2023 nadir. The brokerage's $77 billion market capitalization reflects growing investor confidence as traditional equities and crypto markets converge.

The rally coincides with record-breaking performances by the Nasdaq 100 and S&P 500, creating a rising tide for commission-free trading platforms. Robinhood's recent acquisition of Bitstamp—now processing $200 million in daily crypto volume—signals deepening crypto ambitions beyond its Core equity business.

Funded accounts grew 8% year-over-year to 25.8 million, while Gold subscribers nearly doubled to 3.19 million. Platform assets swelled to $221 billion as net deposits increased by $18 billion, driving quarterly revenue to $918 million—a 48% sequential jump.