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Robinhood reported a staggering 400% surge in crypto buying and selling quantity within the fourth quarter, achieving $70 billion, as retail traders flocked again to virtual property amid Bitcoin’s (BTC) rally previous $100,000 and renewed enthusiasm for the wider crypto marketplace.
The brokerage’s general transaction-based income greater than doubled year-over-year, mountaineering 200% to $672 million. Crypto buying and selling income performed a dominant position on this progress, skyrocketing 700% to $358 million, whilst fairness buying and selling income rose 144% to $61 million.
Robinhood’s general fourth-quarter income reached $1.01 billion. The company reported diluted income of $1.01 according to percentage within the fourth quarter, a pointy building up from $0.03 according to percentage a 12 months previous.
Crypto comeback after slow 12 months
Robinhood’s crypto buying and selling task had frequently declined thru maximum of 2024, with quantity shedding from $36 billion within the first quarter to simply $14.4 billion within the 3rd.
The pointy rebound within the fourth quarter coincided with a broader marketplace resurgence, fueled by way of Bitcoin’s speedy worth appreciation, larger institutional adoption, and hypothesis round regulatory readability in the USA.
Along with marketplace momentum, Robinhood credited product enlargement for its robust quarter. The corporate added seven new crypto to its US platform, presented Ethereum (ETH) staking for Ecu customers, and introduced plans to release futures buying and selling for Bitcoin, oil, and gold.
The company has but to decide to preserving Bitcoin as a company reserve, although CEO Vlad Tenev said interior discussions at the topic in December.
Push for clearer law
Tenev, a vocal proponent of crypto adoption, has advocated for clearer regulatory pointers in the USA. In a Washington Submit op-ed ultimate month, he prompt the Securities and Alternate Fee (SEC) to determine transparent regulations permitting early-stage corporations to tokenize fairness.
He advocated for regulatory reforms to democratize get entry to to personal marketplace investments thru tokenization. He highlighted that many high-growth corporations are opting for to stay non-public, restricting funding alternatives to a choose crew of rich traders.
Tenev argued that by way of tokenizing non-public fairness by means of blockchain era, retail traders may achieve early get entry to to those corporations, thereby lowering boundaries whilst keeping up important disclosures and investor protections.
Past crypto, Robinhood has been aggressively increasing its product choices. In 2024, the corporate introduced a brand new platform for lively investors, presented the Robinhood Gold Card, and expanded its monetary products and services suite in the United Kingdom and EU.
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