Robinhood reported a stunning increase of 400% in the Crypto trading volume in the fourth quarter and reached $ 70 billion, while retail investors returned to digital assets in the middle of Bitcoin’s (BTC) rally beyond $ 100,000 and renewed enthusiasm for the wider crypto -market .
The total transactions -based income from the brokerage have more than doubled on an annual basis, by 200% to $ 672 million. Crypto trading income played a dominant role in this growth, with 700% rising to $ 358 million, while the sales of stock trade increased by 144% to $ 61 million.
Robinhood’s total fourth quarter Turnover reached $ 1.01 billion. In the fourth quarter, the company reported a diluted profit of $ 1.01 per share, a strong increase of $ 0.03 per share a year earlier.
Crypto comeback after slow year
The crypto trading activity of Robinhood had steadily fallen to the majority of 2024, with the volume of $ 36 billion in the first quarter to just $ 14.4 billion in the third.
The sharp rebound in the fourth quarter coincided with a wider market recording, fueled by Bitcoin’s rapid price valuation, increased institutional acceptance and speculation regarding the clarity of the regulations in the US.
In addition to MarktMomentum, Robinhood has assigned the product expansion for its strong quarter. The company added seven new crypto to its American platform, introduced Ethereum (ETH) for European users and announced plans to launch futures for Bitcoin, Oil and Gold.
The company still has to bind to hold Bitcoin as a business reserve, although CEO Vlad Teev recognized internal discussions in December.
Push on clearer regulations
Teev, a vocal supporter of the acceptance of Crypto, has advocated clearer guidelines for regulations in the US. In a Washington Post Op-ED last month, he insisted on the Securities and Exchange Commission (SEC) to set up clear rules, so that companies can token at an early stage.
He argued for legal reforms to democratize access to private market investments through tokenization. He emphasized that many fast -growing companies choose to stay private and to limit investment options to a select group of rich investors.
Teev argued that by the private equity to token via blockchain technology, retail investors could get early access to these companies, which reduces barriers while retaining the required disclosures and investor protection.
In addition to Crypto, Robinhood has aggressively expanded its product offering. In 2024, the company launched a new platform for active traders, introduced the Robinhood Gold Card and expanded its financial services in the UK and the EU.