Reported about 6 hours ago
Robinhood Markets Inc. announced that its revenue has more than doubled, reaching $1.01 billion in the fourth quarter, as a surge in cryptocurrency trading ahead of the US presidential election fueled growth. Cryptocurrency revenue skyrocketed over 700% to $358 million, driven by heightened market interest and increasing adoption of digital assets. The company plans to expand its product offerings and has set ambitious goals for 2025, including a launch in Asia.
Source: YAHOO