According to a report from COINOTAG on February 13th, Robinhood has experienced a remarkable surge in its cryptocurrency trading volume, escalating by an impressive 400% year-over-year to reach $700 billion for the fourth quarter. This rebound is noteworthy, considering the company’s prior trading volumes in 2024 saw a steep decline, falling to $36 billion, $21.5 billion, and $14.4 billion in the initial three quarters. In addition, Robinhood’s trading revenue for Q4 skyrocketed by 200% compared to the previous year, totaling $6.72 billion, with crypto revenue contributing $3.58 billion—a staggering 700% increase. The stock trading segment also saw a significant uptick, with a 154% rise to $4.23 trillion. Notably, Robinhood expanded its offerings by listing seven new cryptocurrencies and introducing an Ethereum staking service in the EU. CEO Vlad Tenev has hinted at future plans involving Bitcoin and commodity futures trading.
Source: https://en.coinotag.com/breakingnews/robinhood-reports-400-surge-in-cryptocurrency-trading-volume-fueling-ethereum-staking-launch/