Crypto Blog
“Transaction-based revenues increased 59% year-over-year to $329 million, primarily driven by cryptocurrencies,” the firm stated.
The firm also did very well out of gold-based products, with gold subscribers increasing to a record high of 1.7 million in Q1. Tenev described the SEC action as a “disappointing development,” while chief financial officer Jason Warnick said, “So it’s disappointing to see more regulation by enforcement here.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Futures point lower, Arm revenue guidance, Robinhood beatsFutures point lower, Arm revenue guidance, Robinhood beats - what's moving markets
Read more »
Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: AnalystsWill Canny is CoinDesk's finance reporter.
Read more »
Robinhood's Q1 Crypto Trading Volume Surged 224% as SEC Action LoomsAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Read more »
Robinhood posts Q1 earnings beat, sees 224% increase in crypto trading volumeThe commission-free brokerage firm reported record earnings, led by a strong increase in crypto trading.
Read more »
Robinhood Q1 crypto trading surges 224% — SEC action ‘disappointing’Robinhood’s crypto unit saw $36 billion in trading volume in Q1, smashing its Q1 2023 amount by 224%.
Read more »
Robinhood CEO: Americans should crypto is becoming 'more important'Robinhood's crypto trading rose 224% in the first financial quarter. And yet, the firm met with the SEC 16 times before talks fizzled out.
Read more »