Robinhood reported an almost 500% quarter-over-quarter jump in revenue from cryptocurrency transactions on Wednesday as the online brokerage and trading app announced a record-breaking quarter for profit and revenue.
Crypto revenue rose to a record $358 million in Q4, and overall revenue skyrocketed 37% to $1.01 billion from the previous quarter. With an earnings per share of $1.01, the trading app posted a net income of $916 million and beat analysts’ predictions of 42 cents, according to data from the Dogecoin trading on its platform.
