Robinhood has achieved its highest quarterly gain, informing an amazing 700% increase in cryptocurrency revenues during the fourth quarter.
On February 12, 2025, Robinhood launched the results of the fourth quarter and the full year 2024. The income of the company’s fourth quarter increased 115% year -on -year to a record of $ 1.01 billion.
For the first time
Robinity $ Hood I just had its first quarter with more than $ 1 billion of income pic.twitter.com/pk8vcrerlq
– Evan (@stockmktnewz) February 12, 2025
“Q4 was a record quarter that limits a record year in 2024,” said Jason Warnick, Robinhood’s financial director.
The notional volumes of Robinhood increased more than 400% year -on -year, reaching $ 71 billion in the fourth quarter of 2024. This was thorough .
When commenting on the impressive results, Vlad Tenev, CEO and co -founder of Robinhood said: “We hit the development of products of 2024 with a new platform for active merchants, launch of gold cards, a set of products expanded in the United Kingdom And EU, and much more. “
Meanwhile, Warnick said: “Both for the quarter and for the full year, we reach new maximums for custody assets, net deposits, gold subscribers, income, net income, adjusted Ebitda and EPS.”
The main power movements by Robinhood
Let’s talk about the recent main power movements that Robinhood did!
The company announced plans to expand to the Asia and the Pacific region in 2025. It will now be based in Singapore.
Earlier this week, the company also began offering options for options to its United Kingdom customers.
In June 2024, Robinhood announced the acquisition of Bitstamp. The acquisition is expected to close in the first half of 2025.
“We are entering 2025 with a strong impulse as we continue to offer another year of profitable growth,” Warnick added.
In addition, the company revealed that its perspective for combined and SBC operational expenses for full year 2025 is $ 2.0 billion to $ 2.1 billion.
Tenev said: “We see a great opportunity ahead while we work to allow anyone, anywhere, buy, sell or maintain any financial asset and perform any financial transaction through Robinhood.”
Explore: Robinhood expands to Spain, offering cryptography and rethinking trade under Mica’s regulations
European expansion of the company
Robinhood Crypto announced his entry into Spain on January 21, 2025, allowing users In the country To access your trade, rethinking and investment services.
This marks the company’s last movement to expand its European presence, after the implementation of EU market regulations in Crypto-Asssets (MICA) at the end of December 2024.
Robinhood’s expansion is aligned with its previously announced strategy to grow in Europe, the United Kingdom and Asia. “In terms of total The directionable market, (the EU) is as large as the United States, ”said Johann Kerbrat, general manager of the Robinhood cryptographic unit, last year.
Robinity announced The expansion of its encryption services to Europe on October 1, 2024. With this, European users can transfer cryptography between their Robinhood accounts and external wallets. This has also been “the most requested characteristic” in Europe, the company revealed.
When commenting on development, Johann Kerbrat, vice president and GM of Robinhood Crypto, said: “With the launch of cryptographic transfers in Europe, we are doing self -generating and entering more simple and more accessible defi for our customers.”
By enabling cryptographic transfers, Robinhood may provide European users flexibility and control over their digital assets.
Explore: Robinhood presents cryptographic transfers in Europe, continues to expand in the EU
Key control
- Robinhood has registered its highest quarterly gain.
- The company said “it hit gas to the development of products,” hence the amazing 2024 numbers.
The post Robinhood sees a 700% leap in Crypto’s revenues in the fourth quarter, exceeds $ 1 billion first appeared in 99Bitcoins.
