Robinhood’s Crypto Revenue Nearly Doubles – Here’s What’s Fueling the Surge

Mizuho reaffirms $120 price target on Robinhood, cites tokenized stock ambitions and crypto resilience – MAXBIT

Robinhood generated more than $141 billion in crypto trading volumes in 2024, driven by a post-election surge. Source link

Robinhood's Crypto Revenue Nearly Doubles - Here's What's Fueling the Surge

Robinhood reported a sharp surge in crypto-related revenue for the second quarter. The company’s earnings from digital assets rose by 98% year-on-year to $160 million. Overall, the company saw a 45% increase in net revenue to $989 million and a 105% jump in net income to $386 million. Robinhood Bets Big on Tokenization Trading volumes in crypto reached $28 billion, up 32% from the previous quarter, supported by a broader market cap increase of 2…

Robinhood’s Crypto Revenue Nearly Doubles – Here’s What’s Fueling the Surge

Robinhood reported a sharp surge in crypto-related revenue for the second quarter. The company’s earnings from digital assets rose by 98% year-on-year to $160 million. Overall, the company saw a 45% increase in net revenue to $989 million and a 105% jump in net income to $386 million. Robinhood Bets...