Posted 2/13/2024, 9:59:00 PM
Robinhood Crypto Revenue Up 10% as More Users Flock to Trade Bitcoin and Altcoins
- Robinhood's crypto revenue rose 10% year-over-year in Q4 to $43 million as more users traded crypto
- The 89% quarter-over-quarter increase in crypto trading volume was driven by higher prices and more customer trades
- Coinbase may see similar crypto trading volume and revenue growth when it reports earnings this week
- Robinhood expects to continue gaining crypto market share in 2023 and recently expanded into Europe
- Robinhood beat Q4 earnings and revenue estimates with strength in transaction-based revenue like crypto trading