From Cointelegraph

April 30, 2025 8:32 pm:

Trading platform Robinhood exceeded Wall Street estimates in Q1 despite an 8.6% revenue drop to $927 million. Crypto revenue fell nearly 30% to $252 million from the previous quarter’s record high. Tariffs led to an 18% crypto market cap drop. Crypto trading volume on Robinhood also fell 35% in Q1.

Robinhood CEO Vladimir Tenev stated that crypto trading volumes will continue to fluctuate but the focus is on capturing market share. Despite the drop, crypto revenue rose 100% from the same quarter last year, with trading volumes up 28%. The firm added $500 million to its buyback program and shares rose 1.51% to $49.85.

Robinhood’s $200 million Bitstamp acquisition is on track for regulatory approval by mid-2025. Regulatory pressure eased with the SEC closing its investigation into the firm’s crypto business in Q1. Robinhood is exploring integrating crypto tokenization to unlock economic value in the US market.

CEO Tenev believes that tokenizing private equities can solve secondary market transaction problems and unlock economic value for the crypto industry. This move could allow investors to buy tokenized shares in private firms like OpenAI and SpaceX within minutes. The focus remains on driving economic value through crypto tokenization.

Read more at Cointelegraph: Robinhood beats Q1 estimates despite revenue, crypto trading dip