Category: Robinhoods
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Crypto Trading Boom Sends Robinhood’s Revenue Past $1 Billion
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Robinhood 2024 ended a high degree, thanks to its growth of $ 1 billion in the fourth quarter, which exceeded analysts. The company’s revenues in the fourth quarter amounted to $ 1.01 billion, overcoming the estimates of analysts of 940.8 million dollars. Also, the volume of Robinhood encryption increased by…
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Robinhood’s Q1 Crypto Revenue Triples
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Although Robinhood (Nasdaq: HOOD) faces potential regulatory setbacks, its revenue from cryptocurrency trading in the first three months of 2024 jumped 232 percent to $126 million. The increase was driven by virtual cryptocurrency trading volume in the quarter, which reached $36 billion, 224 percent higher. Encryption is king The US…