📈 Robinhood's Profits Soar Amid Crypto Trading Surge
In the first quarter of 2025, Robinhood reported a significant increase in profits, driven by heightened market volatility that spurred increased trading volumes. The company's transaction-based revenue rose by 77%, with cryptocurrency trading revenue doubling year-over-year to $252 million. This surge is largely attributed to unstable Bitcoin prices and political uncertainty stemming from U.S. President Donald Trump's unpredictable trade policies.
Robinhood's net income reached $336 million, or 37 cents per share, surpassing analysts’ expectations of 33 cents per share. Despite a strong year-to-date stock performance with a 32% gain, Robinhood shares slipped 2% in aftermarket trading.