Robinhood’s Crypto Trading Spikes 400%, Pushing Q4 Revenue to $1B

Robinhood has once again exceeded market expectations, reporting a sharp rise in revenue for the fourth quarter.

The company brought in $1.01 billion, surpassing analyst projections of $940.8 million, with a major boost coming from an explosion in crypto trading activity. Revenue from digital assets skyrocketed by 700%, hitting $358 million in the quarter.

A Bloomberg report highlighted that Robinhood’s total crypto trading volume surged to $70 billion, reflecting a massive 400% increase from the previous quarter. This rebound came after a sluggish start to the year, where trading volumes had dipped significantly. The renewed momentum was fueled by Bitcoin’s climb past $100,000 following the November elections, driving heightened market activity and investor interest.

To capitalize on this growth, Robinhood expanded its crypto offerings, introducing seven new digital assets for U.S. users and launching Ethereum staking services in the European Union. The firm also made strides in global expansion, entering the Spanish market in compliance with the EU’s MiCA regulations. Spanish users now have access to crypto trading, staking, and trending assets, including the TRUMP meme coin.

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For the fifth consecutive quarter, Robinhood remained profitable, reporting $916 million in net income, a significant jump from the previous year. The company’s diluted earnings per share rose to $1.01, reflecting its strong financial performance.

Total assets under custody (AUC) reached $193 billion, up 88% year-over-year, driven by higher valuations in equities and crypto, as well as steady net deposits from users. Equity trading volume also saw a substantial boost, hitting $423 billion for the quarter—154% higher than the previous year.

Robinhood’s transaction-based revenue climbed 200% to $672 million, with crypto trading alone accounting for $358 million. These results solidified Robinhood’s position as one of the top-performing retail trading platforms in the market.

Alexander Stefanov