Crypto Trading Drives New Revenue Record for Robinhood

Robinhood has reported a record-breaking fourth quarter, with total revenue reaching $1.01 billion, up 37% from the previous quarter. The surge was fueled by a massive jump in crypto trading fees, which rose nearly 500% quarter-over-quarter to hit a record $358 million.

The platform’s Q4 net income reached $916 million, far exceeding analysts’ predictions. In after-hours trading, Robinhood shares jumped nearly 7% to $60, continuing a 360% surge since early 2024.

Robinhood’s success reflects a renewed wave of retail interest in crypto, as everyday investors flocked to the platform during the ongoing bull market. The company’s previous crypto revenue peak was $233 million in 2021, driven largely by Dogecoin trading.

In Q4 2024, crypto notional volumes reached $71 billion, up more over 400% from the previous year. Since the beginning of Q4, Robinhood has also introduced ether staking in the E.U. and added seven crypto assets in the U.S.

The world’s oldest crypto exchange, Bitstamp, which serves both institutional and retail clients globally, agreed to be acquired by Robinhood in June 2024. Subject to standard closing conditions, such as regulatory approvals, the transaction is anticipated to close in the first half of 2025.

CEO and Co-founder, Vlad Tenev remains bullish on crypto’s future.

We see a huge opportunity ahead of us as we work toward enabling anyone, anywhere, to buy, sell, or hold any financial asset and conduct any financial transaction through Robinhood.

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