Despite the decline in revenue and decrease in cryptocurrency trading volumes, the results of the online broker Robinhood exceeded analysts' expectations for the first quarter of 2025. Total revenue amounted to $927 million, which is 8.6% lower than in the previous quarter, but 3.16% higher than forecasts.
Cryptocurrency revenue fell by nearly 30% to $252 million, while trading volume decreased by 35%, partly due to the decline in the crypto market amid turmoil related to Trump's policies.
However, on a year-over-year basis, Robinhood's crypto revenue doubled, and trading volume increased by 28%. The company expanded its share buyback program to $1.5 billion, and its CEO confirmed readiness to acquire the Bitstamp exchange in mid-2025.
