Robinhood's Q1 Crypto Revenue Doubles Year-on-Year

Robinhood announced its financial report for the first quarter of 2025, with quarterly cryptocurrency trading revenue reaching $252 million, a 100% increase year-on-year, but a decline from $358 million in the fourth quarter of 2024. During the same period, cryptocurrency trading volume was $46 billion, down from $70 billion in the previous quarter. The total cryptocurrency trading volume for the full year 2024 was $141 billion, mainly driven by a surge in the fourth quarter. The company's revenue grew by 50% year-on-year to $927 million, with diluted earnings per share of $0.37, a 10% increase year-on-year.