Robinhood is celebrating a record-breaking fourth quarter, thanks to an explosive 700% increase in cryptocurrency revenue. The surge, fueled by renewed investor interest and a broader crypto market recovery, helped push the company’s net income to an unprecedented $916 million.
Crypto Trading Leads the Charge
Robinhood’s Q4 crypto revenue reached $358 million, up from $45 million the previous year, making up over one-thirdof its total transaction-based revenue. This growth propelled the company’s total revenue to $1.01 billion, marking a 115% year-over-year increase. Meanwhile, notional crypto trading volume surged 400%, hitting $71 billion for the quarter.
Bitcoin’s rise past $100,000 in late December and Ethereum’s 71.5% gain in 2024 played key roles in this resurgence. Investors flocked back to digital assets, leveraging Robinhood’s expanded offerings, including Ethereum staking in the EU and the listing of seven new tokens in the U.S.
Robinhood is doubling down on crypto, acquiring Bitstamp for $200 million to enhance its international reach. The deal, expected to close in 2025, will help Robinhood serve institutional investors in the U.S.
Robinhood aims to tokenize private investments, equities, and more, positioning itself as a bridge between traditional finance and DeFi.
Robinhood recently reinstated support for Solana (SOL), Cardano (ADA), and XRP, reversing prior delistings prompted by regulatory scrutiny. The SEC's lawsuits against Coinbase and Binance in 2023 had cast a shadow over these tokens, but Robinhood appears confident in their legal standing.
We heard you like crypto.
— Robinhood (@RobinhoodApp) February 13, 2025
Looking ahead, Robinhood plans further international expansion in 2025, with Singapore as its Asia-Pacific hub. The company is also focusing on options and futures trading, catering to active investors.
Robinhood Markets has just released Q4 and full year 2024 earnings results.
— Robinhood (@RobinhoodApp) February 12, 2025
Check out the highlights from @vladtenev below, and catch our earnings call live on video for the first time at: https://t.co/W92tO1K8HP pic.twitter.com/CKVJrC8AJQ
Robinhood’s stellar earnings drove a 17% spike in after-hours trading, bringing shares to $65.45. Over the past year, the stock has soared 365%, reflecting investor confidence in its return to profitability and its crypto-driven growth strategy.
Abimbola Adu
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