Robinhood's Q4 Revenue Surges 700% Fueled By Crypto Surge And Election Market Activity

Описание

Robinhood Markets Inc. reported fourth-quarter revenue, surpassing analyst estimates, driven by cryptocurrency transactions. Crypto revenue surged over 700%, fueled by market activity surrounding the U.S. presidential election. CEO Vlad Tenev emphasized the company's expansion goals, aiming to enable seamless global trading. Robinhood is targeting international growth, planning an Asia launch in 2025 via Singapore and recently introducing U.S. equity-options trading in the U.K. Shares rose 11% on Thursday morning.