The brokerage's management team said April generated about $8 billion in crypto volume, which was below the $15 billion monthly average in Q1.
Wintermute accounted for 11% of Robinhood's transaction-based revenues in Q1 while B2C2 accounted for 12%, the same as Citadel.
The trading platform’s results could give an indication for Coinbase’s earnings on May 8.
The brokerage generated more than $141 billion in crypto trading volumes throughout 2024, driven by a huge surge in the fourth quarter.
After a 700% surge in Q4 crypto revenue, analysts now expect a pullback in Q1 as trading activity slows.
Markets rebounded sharply after Trump paused global tariffs for 90 days and lowered most reciprocal duties to 10%, sparking a 7% jump in bitcoin.
It follows the dismissal of the SEC's case against Coinbase, while other crypto firms still await confirmation of their cases being dropped.
Robinhood wants to offer higher-end private banking and wealth management services at a more accessible cost, using crypto and AI.
Robinhood launched its in-app prediction markets hub last week, allowing users to bet on the outcome of March Madness matchups.
Coinbase is reportedly in advanced talks to acquire Deribit, Kraken is set to acquire NinjaTrader and Robinhood is integrating Bitstamp.
Robinhood has launched a prediction markets hub within its app via Robinhood Derivatives, the firm's futures-focused subsidiary.
Robinhood has launched a dedicated prediction market hub that will allow users to trade contracts based on the outcomes of key global events. According to a March 17 statement, the platform’s initial offerings include contracts tied to the Federal Reserve’s target interest rate for May and the men’s and women’s College Basketball Tournaments. The firm […]
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The decline in retail trading might have affected other exchanges including Coinbase.
Following a big run-up amid the November elections, the brokerage's crypto trading volumes fell 29% to $14.4 billion last month.
Mizuho Securities raised its first-quarter revenue estimates for Coinbase’s, citing increased daily trading volumes despite a 25% share drop.
Ark also bought $9.6 million of Robinhood shares and sold $20.6 million of Block stock as the firm continued rebalancing its fund weightings.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Robinhood is also planning to offer more cryptocurrencies to its users and to continue investing in its non-custodial wallet.
A former bitcoin skeptic, Griffin says he regrets not trading crypto sooner, although is still skeptical of its utility.
The prior rise in memecoin activity was driven by a pushback against the regulatory crackdown on utility token and NFT projects, they said.
More tokens could be added to exchanges, increasing their trading revenue. This might also open the floodgates to crypto firms' IPOs in the U.S.
Retail traders are showing significant interest in alternative cryptocurrencies beyond major assets.
Robinhoood shares jumped 13% in early trading Thursday after fourth-quarter earnings beat estimates.
Crypto led Robinhood’s record revenue figures with 487% quarter-over-quarter growth — 733% year-over-year, the analysts noted.
The popular trading platform said revenue for fourth quarter rose 115% from last year, mainly driven by crypto.
The commission-free brokerage reported fourth-quarter revenue of $1.01 billion, which beat the estimated $944 million.
Analysts are expecting overall crypto revenue at Robinhood to have soared to $345.5 million from $63.9 million in the previous quarter.
Vlad Tenev joined BlackRock CEO Larry Fink in calling for clear regulations for tokenized securities in the U.S.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Several investor groups are trying to ramp up their crypto activity amid the political shift under President Trump, according to Bernstein.