Robinhood Eyes Tokenization Amid Surging Crypto Revenue
Net income increased by 105% to $386 million, while total net revenue increased by 45% to $989 million. Trading volumes for Robinhood’s cryptocurrency increased by 32% to $28 billion, contributing to a 21.7% jump in the overall crypto market valuation to $3.36 trillion. This growth follows Robinhood’s acquisition of Bitstamp.