Thanks to its growth of 1 billion US dollars, Robinhood ended in the fourth quarter, which exceeded the estimates of the analysts. The sales with the fourth quarter of the company reached $ 1.01 billion and exceeded the estimates of the analysts of $ 940.8 million. In addition, Robinhoods Krypto trading volume increased by 700%and banking of US $ 358 million.
As Bloomberg and other media reported, the popular broker was deleted from the interest in the cryptom market during the US election cycle. The sales with the fourth quarter of the company was $ 1.01 billion and exceeded the estimates of the analysts of $ 940.8 million.
Robinhood benefited from an increase in the crypto handle in the fourth quarter
According to a Bloomberg report, Robinhood rose in the fourth quarter of 2024 in the cryptoandel. The company’s crypto trade volume increased by 700%, which corresponds to a total turnover of USD 358 million.
Robinhoods impressive performance in the fourth quarter compensated for its poor performance in the third quarter with sales of $ 14.4 billion.
In the last quarter of the year, the company benefited from increased commercial activity, which was fueled by enthusiasm for the results of the US elections. This was also the time when Bitcoin exceeded the 100,000 US dollar brand.
📢 Robinhood increases by 15%after they blow over after the fourth quarter of Q4 profit estimates 🚀📊
🔹 sales of Q4 for the first time surpasses 1 billion USD in the company’s history 💰 💰
🔹 Transaction -based income of 236% YOY to USD 672 million, driven by trading in frenzy 📈
🔹 Crypto Trading Revenue increases by 700%because Bitcoin is approaching $ 100,000 … pic.twitter.com/vfhqmjtmz7– AFV Global (@afvglobal) February 13, 2025
Robinhood extends the offer of cryptocurrency
Robinhood expanded his cryptocurrency offers by adding seven new tokens to his US customers to meet the growing market requirements. His ETH attitude services for customers in the European Union were also started.
The popular broker has also expanded its services in Spain and corresponded to the latest MICA regulations of the EU. Robinhood now has the establishment of cryptocurrency and supports viral digital assets such as the Trump coin.
According to CEO Vlad Tenev, the company focused on its product development in 2024. In a statement, Tenev announced that it had found a chance and now offers its customers a safe way to exchange or keep digital assets.
BTCUSD trading at $96,811 on the daily chart: TradingView.com
A strip of profitable quarters
Robinhood continues to grow profitability and extends its stripes to a fifth quarter of the positive net income. The results of the fourth quarter of the company exceeded the net income of last year at $ 0.03 per share. In addition, Robinhood’s diluted result increased per share to USD 1.01, which reflects the strong financial performance.
The brokerage ends the year with a total assets of 193 billion US dollars as part of custody (AUC), an increase of 88% compared to the previous year. Robinhood’s growth of total assets was supported by increased ratings in digital assets and stocks, including the growing net deposits of customers.
In addition, the company’s stock trading rose to 423 billion US dollars in a quarter, which became 154% compared to the previous year. The reported increase in income makes Robinhood one of the best trading platforms of retail for the quarter.
Selected picture of Gemini Imageen, Diagram from Tradingview