Robinhood reported a 700% surge in crypto trading revenue in Q4, reaching $358 million, which accounted for over one-third of total transaction-based revenue. This contributed to a 115% increase in total revenue to $1.01 billion and a more than tenfold jump in net income to $916 million. The resurgence in crypto trading was fueled by Bitcoin surpassing $100K and Ethereum’s 71.5% gain in 2024, as investors flocked to capitalize on the shifting macro landscape, including the approval of U.S. crypto ETFs and political changes under President Trump.Robinhood is doubling down on crypto, acquiring Bitstamp for $200 million to expand internationally and rolling out Ethereum staking in the EU while adding seven new tokens in the U.S. CEO Vladimir Tenev highlighted tokenization as a key growth area, positioning Robinhood at the intersection of traditional finance and DeFi, with plans to tokenize equities and private investments. The tokenization market grew 52% last year and is projected to hit $50 billion in 2025, presenting a major opportunity for the company.Beyond crypto, Robinhood is expanding into Asia-Pacific in 2025, with Singapore as its regional hub. The company is also growing its options and futures trading, targeting active traders. Assets under custody (AUC) surged 88% to $193 billion, fueled by $16 billion in net deposits. Robinhood’s Gold subscribers grew 86% to 2.6 million, while its stock price has soared 365% in the past year, closing at $55.91, with after-hours trading pushing it up another 17% to $65.45.Source: https://ift.tt/8PiB9Ex via /r/u_Equivalent_Baker_773 https://ift.tt/oGwmXPv
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