Why Robinhood (HOOD) Stock Could Be Your Next Crypto Cash Cow

Robinhood's crypto pivot just got serious—and Wall Street hasn't caught up yet.

The zero-fee trap that prints money

While traditional brokers nickel-and-dime retail traders, HOOD's crypto-first model eats their lunch. Over 23M funded accounts now chase Bitcoin and altcoins through that candy-colored interface.

Dark pool for the masses

Their 'payment for order flow' playbook works even better with volatile crypto spreads. Every Dogecoin moonboy effectively subsidizes the platform.

One cynical truth? The same 'democratization' rhetoric that fueled their IPO now fuels their crypto engine—with better margins. Just don't expect CNBC to connect those dots between memecoins and profitability.

Image source: Getty Images.

The more services Robinhood brings customers, the more it grows

Robinhood's platform assets have increased from $89 billion in the second quarter of 2023 to $279 billion in Q2 2025. With fee-generating services like Robinhood Gold continuing to gain traction, revenue grew 45% year over year in the second quarter to $989 million.

This is why the stock is still a buy at these highs. Robinhood is seeing this much growth while offering limited services compared to big brokers like. As it catches up, Robinhood could grow into a multitrillion-dollar financial services company.

Robinhood's pace of new announcements has been remarkable. In the first quarter, it rolled out index options to all customers, and it followed that up in the second quarter with the launch of stock tokens in Europe, allowing those customers to trade over 200 U.S. stocks in the FORM of tokenized contracts on a blockchain.

By the end of the third quarter, Robinhood plans to launch its new banking service too. These are just a few of the many announcements the company has made recently. As it continues to launch new trading products, including its Cortex AI-powered trading tool later this year, its platform assets will likely continue to grow.

There are several products, including fixed-income securities, that Robinhood can eventually tap into to further support its growth. For perspective, Schwab has over $10 trillion in client assets. I wouldn't bet against Robinhood CEO Vlad Tenev's ability to grow Robinhood into one of country's largest brokerage services. The stock still offers tremendous long-term upside.