Robinhood Q's cryptocurrency revenue doubled year-on-year to $252 million, a decrease from $358 million in Q4 2024

Robinhood announced its Q1 2025 financial report, with cryptocurrency trading revenue reaching $252 million, a year-on-year increase of 100%, but a decrease from $358 million in Q4 2024. The cryptocurrency trading volume in the first quarter was $46 billion, a year-on-year increase of 28%, but lower than the $70 billion in the fourth quarter of last year. In contrast, stock trading volume increased by 84% year-on-year to $413 billion. The overall transaction revenue of the company increased by 77% year-on-year to $583 million, and the quarterly total revenue increased to $927 million.