Crypto Revenue Grows 100% YoY
The post Crypto Revenue Grows 100% YoY appeared on BitcoinEthereumNews.com. Robinhood Markets reported its first quarter (Q1) earnings on Wednesday, revealing commendable growth over the past several months. The development adds to Robinhood’s list of bullish developments this year after the US SEC (Securities and Exchange Commission) dropped its probe against the online brokerage platform. Robinhood Records 100% Q1 Crypto Revenue Growth Robinhood Markets reported its Q1 earnings on Wednesday, April 30, detailing its financial results for the first quarter of 2025. The platform’s CEO and co-founder, Vlad Tenev, and CFO Jason Warnick led the broadcast, which was shared on X (Twitter) and YouTube. While Tenev and Warnick had much to say about the brokerage platform’s performance in Q1 2025, the highlight was its crypto revenue between January and April. Reportedly, crypto revenues doubled to $252 million, marking a 100% increase year-over-year (YoY). In the same tone, crypto trading volumes hit $46 billion, up by 28% YoY. These are notable feats given fierce competition from centralized exchanges like Binance and Coinbase. “We began the year strong with 50% YoY revenue growth and 106% EPS growth, alongside disciplined expense management. We’re also returning capital aggressively with expanded share repurchases, signaling confidence in our long-term growth,” said Warnick. Perhaps the recent move by the US SEC to drop its probe into Robinhood exacerbated the financial traction. Despite its May 2024 Wells Notice against the platform, the securities regulator concluded the investigation without penalties. Robinhood Shares Strategic and Operational Highlights Beyond financial traction, Robinhood’s Q1 earnings revealed accelerated product innovation on different paradigms, including Robinhood Strategies, Banking, and Cortex. According to Tenev, customers warmed up to the platform’s offerings, adding credence to the platform’s notable Q1 revenues. “…customers responded with record-breaking net deposits, Gold subscriptions, and trading volume across all asset classes,” Tenev stated. Among the innovations presented, comprising strategic and operational highlights, is a…
The post Crypto Revenue Grows 100% YoY appeared on BitcoinEthereumNews.com.
Robinhood Markets reported its first quarter (Q1) earnings on Wednesday, revealing commendable growth over the past several months. The development adds to Robinhood’s list of bullish developments this year after the US SEC (Securities and Exchange Commission) dropped its probe against the online brokerage platform. Robinhood Records 100% Q1 Crypto Revenue Growth Robinhood Markets reported its Q1 earnings on Wednesday, April 30, detailing its financial results for the first quarter of 2025. The platform’s CEO and co-founder, Vlad Tenev, and CFO Jason Warnick led the broadcast, which was shared on X (Twitter) and YouTube. While Tenev and Warnick had much to say about the brokerage platform’s performance in Q1 2025, the highlight was its crypto revenue between January and April. Reportedly, crypto revenues doubled to $252 million, marking a 100% increase year-over-year (YoY). In the same tone, crypto trading volumes hit $46 billion, up by 28% YoY. These are notable feats given fierce competition from centralized exchanges like Binance and Coinbase. “We began the year strong with 50% YoY revenue growth and 106% EPS growth, alongside disciplined expense management. We’re also returning capital aggressively with expanded share repurchases, signaling confidence in our long-term growth,” said Warnick. Perhaps the recent move by the US SEC to drop its probe into Robinhood exacerbated the financial traction. Despite its May 2024 Wells Notice against the platform, the securities regulator concluded the investigation without penalties. Robinhood Shares Strategic and Operational Highlights Beyond financial traction, Robinhood’s Q1 earnings revealed accelerated product innovation on different paradigms, including Robinhood Strategies, Banking, and Cortex. According to Tenev, customers warmed up to the platform’s offerings, adding credence to the platform’s notable Q1 revenues. “…customers responded with record-breaking net deposits, Gold subscriptions, and trading volume across all asset classes,” Tenev stated. Among the innovations presented, comprising strategic and operational highlights, is a…
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