brought<\/a> <\/strong>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.<\/p>\nA Bloomberg report highlighted that Robinhood\u2019s 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\u2019s climb past $100,000 following the November elections, driving heightened market activity and investor interest.<\/p>\n
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\u2019s MiCA regulations. Spanish users now have access to crypto trading, staking, and trending assets, including the TRUMP meme coin.<\/p>\n