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Robinhood’s Crypto Revenue Surpasses Options in Q4 2024

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Thursday, 13/02/2025 | 05:03 GMT by
Arnab Shome

  • The crypto revenue of the platform jumped by 700 per cent to $358 million.
  • It doubled its average revenue per user to $164.

crypto Vlad Tenev, CEO and Co-Founder of Robinhood; Photo: Wikimedia Commons

Vlad Tenev, CEO and Co-Founder of Robinhood; Photo: Wikimedia Commons

The share price of Robinhood (Nasdaq: HOOD) jumped by 15.3 per cent after hours, as the trading platform reported revenue of $1.01 billion, compared to a consensus estimate of $849.06 million. Its earnings per share at $1.01 were also significantly higher than the expectation of $0.32.

Crypto Pushed Ahead

The trading platform’s quarterly net revenue increased by 115 per cent year over year. Interestingly, cryptocurrency revenue of $358 million contributed the most to its total transaction-based revenue of $672 million, which jumped 200 per cent.

The crypto revenue jumped by over 700 per cent and even surpassed the platform’s options revenue of $222 million, which, until now, was the primary revenue driver. However, options revenue also went up by 83 per cent. The demand for equities also followed the trend, jumping 144 per cent, but brought in only $61 million.

Recently, the American company expanded its services in the United Kingdom by launching options there. It is also rolling out futures trading in its home turf while expanding crypto offerings globally.

Jason Warnick, Chief Financial Officer of Robinhood

Other than transaction-based revenue, the California-based company generated $296 million, an increase of 25 per cent, from interest income. According to the official announcement, this gain was driven by the growth in interest-earning assets. It generated another $46 million from subscriptions.

Robinhood was also able to convert the strong revenue into income. Its net income increased tenfold to $916 million, benefiting from a $369 million deferred tax benefit. Another $55 million was derived from a reversal of an accrual as part of a regulatory settlement.

“Q4 was a record-breaking quarter that caps off a record-setting year in 2024,” said Jason Warnick, Chief Financial Officer of Robinhood.

The record-breaking revenue and profit pushed the platform’s share price significantly higher. In after-hours trading, HOOD shares jumped by 15.31 per cent to an all-time high of $64.47 per share. Year to date, the company’s share price jumped by about 42 per cent, while the return in the past year was above 365 per cent.

Movement of HOOD shares in the past 24 hours; Source: Google Finance

Customer Metrics Improved Significantly

Beyond the financials, the company also significantly improved its other customer-centric metrics. The number of funded customers on the platform increased by 8 per cent to 25.2 million, while the number of investment accounts jumped by 10 per cent to 26.2 million.

Further, the net deposit of the platform touched $16.1 billion at the end of the quarter. The platform also improved the average revenue per user by 102 per cent to $164.

“We see a huge opportunity ahead of us as we work toward enabling anyone, anywhere, to buy, sell, or hold any financial asset and conduct any financial transaction through Robinhood,” said Vlad Tenev, CEO and Co-Founder of Robinhood.

The share price of Robinhood (Nasdaq: HOOD) jumped by 15.3 per cent after hours, as the trading platform reported revenue of $1.01 billion, compared to a consensus estimate of $849.06 million. Its earnings per share at $1.01 were also significantly higher than the expectation of $0.32.

Crypto Pushed Ahead

The trading platform’s quarterly net revenue increased by 115 per cent year over year. Interestingly, cryptocurrency revenue of $358 million contributed the most to its total transaction-based revenue of $672 million, which jumped 200 per cent.

The crypto revenue jumped by over 700 per cent and even surpassed the platform’s options revenue of $222 million, which, until now, was the primary revenue driver. However, options revenue also went up by 83 per cent. The demand for equities also followed the trend, jumping 144 per cent, but brought in only $61 million.

Recently, the American company expanded its services in the United Kingdom by launching options there. It is also rolling out futures trading in its home turf while expanding crypto offerings globally.

Jason Warnick, Chief Financial Officer of Robinhood

Other than transaction-based revenue, the California-based company generated $296 million, an increase of 25 per cent, from interest income. According to the official announcement, this gain was driven by the growth in interest-earning assets. It generated another $46 million from subscriptions.

Robinhood was also able to convert the strong revenue into income. Its net income increased tenfold to $916 million, benefiting from a $369 million deferred tax benefit. Another $55 million was derived from a reversal of an accrual as part of a regulatory settlement.

“Q4 was a record-breaking quarter that caps off a record-setting year in 2024,” said Jason Warnick, Chief Financial Officer of Robinhood.

The record-breaking revenue and profit pushed the platform’s share price significantly higher. In after-hours trading, HOOD shares jumped by 15.31 per cent to an all-time high of $64.47 per share. Year to date, the company’s share price jumped by about 42 per cent, while the return in the past year was above 365 per cent.

Movement of HOOD shares in the past 24 hours; Source: Google Finance

Customer Metrics Improved Significantly

Beyond the financials, the company also significantly improved its other customer-centric metrics. The number of funded customers on the platform increased by 8 per cent to 25.2 million, while the number of investment accounts jumped by 10 per cent to 26.2 million.

Further, the net deposit of the platform touched $16.1 billion at the end of the quarter. The platform also improved the average revenue per user by 102 per cent to $164.

“We see a huge opportunity ahead of us as we work toward enabling anyone, anywhere, to buy, sell, or hold any financial asset and conduct any financial transaction through Robinhood,” said Vlad Tenev, CEO and Co-Founder of Robinhood.

crypto Arnab Shome

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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

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    In this webinar recording, @brokeree experts, Tatiana Pilipenko and Victor Ivanov, discuss the ongoing relevance of copy trading in today’s market. With the rise of proprietary trading services, many have questioned if copy trading is still a viable strategy. However, Tatiana and Victor explain why this trading approach remains a powerful tool for brokers to attract new clients and boost trading volumes.

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    #BROKEREE #ForexTrading #CryptoTrading #BrokerSolutions #MultiMarketGrowth #FinancialTechnology #TradingInnovation #BrokerageTools #SaaSforBrokers #FinancialSolutions #BusinessGrowth #TradingPlatforms #MarketExpansion #FinTechInnovation

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    In this webinar recording, @brokeree experts, Tatiana Pilipenko and Victor Ivanov, discuss the ongoing relevance of copy trading in today’s market. With the rise of proprietary trading services, many have questioned if copy trading is still a viable strategy. However, Tatiana and Victor explain why this trading approach remains a powerful tool for brokers to attract new clients and boost trading volumes.

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    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

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    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #BROKEREE #ForexTrading #CryptoTrading #BrokerSolutions #MultiMarketGrowth #FinancialTechnology #TradingInnovation #BrokerageTools #SaaSforBrokers #FinancialSolutions #BusinessGrowth #TradingPlatforms #MarketExpansion #FinTechInnovation

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    In this webinar recording, @brokeree experts, Tatiana Pilipenko and Victor Ivanov, discuss the ongoing relevance of copy trading in today’s market. With the rise of proprietary trading services, many have questioned if copy trading is still a viable strategy. However, Tatiana and Victor explain why this trading approach remains a powerful tool for brokers to attract new clients and boost trading volumes.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #BROKEREE #ForexTrading #CryptoTrading #BrokerSolutions #MultiMarketGrowth #FinancialTechnology #TradingInnovation #BrokerageTools #SaaSforBrokers #FinancialSolutions #BusinessGrowth #TradingPlatforms #MarketExpansion #FinTechInnovation

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  • Executive Interview with Meryem Habibi | Bitpace | iFX EXPO Dubai 2025


    Executive Interview with Meryem Habibi | Bitpace | iFX EXPO Dubai 2025

    Executive Interview with Meryem Habibi | Bitpace | iFX EXPO Dubai 2025


    Executive Interview with Meryem Habibi | Bitpace | iFX EXPO Dubai 2025

    Executive Interview with Meryem Habibi | Bitpace | iFX EXPO Dubai 2025


    Executive Interview with Meryem Habibi | Bitpace | iFX EXPO Dubai 2025

    In this executive interview at the iFX Expo Dubai 2025, Meryem Habibi, Chief Revenue Officer at Bitpace talks about the company’s innovations in the financial technology space. She discusses how Bitpace is addressing challenges in cross-border payments by leveraging stablecoins, and offering fast, low-cost solutions that are transforming the payments industry. Meryem also highlights the growing role of crypto payment gateways and how businesses in trading and other sectors can optimise their operations through enhanced liquidity management and integrated systems.

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    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #BitSpace #iFXExpoDubai #FinancialTechnology #CrossBorderPayments #Stablecoins #CryptoPaymentGateways #LiquidityManagement #PaymentSolutions #FinancialInnovation #BusinessOptimization #TradingIndustry #PaymentIndustry #TechInnovation #Blockchain #2025Strategy

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    In this executive interview at the iFX Expo Dubai 2025, Meryem Habibi, Chief Revenue Officer at Bitpace talks about the company’s innovations in the financial technology space. She discusses how Bitpace is addressing challenges in cross-border payments by leveraging stablecoins, and offering fast, low-cost solutions that are transforming the payments industry. Meryem also highlights the growing role of crypto payment gateways and how businesses in trading and other sectors can optimise their operations through enhanced liquidity management and integrated systems.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #BitSpace #iFXExpoDubai #FinancialTechnology #CrossBorderPayments #Stablecoins #CryptoPaymentGateways #LiquidityManagement #PaymentSolutions #FinancialInnovation #BusinessOptimization #TradingIndustry #PaymentIndustry #TechInnovation #Blockchain #2025Strategy

    Don’t miss out on our latest videos, interviews, and event coverage.
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    In this executive interview at the iFX Expo Dubai 2025, Meryem Habibi, Chief Revenue Officer at Bitpace talks about the company’s innovations in the financial technology space. She discusses how Bitpace is addressing challenges in cross-border payments by leveraging stablecoins, and offering fast, low-cost solutions that are transforming the payments industry. Meryem also highlights the growing role of crypto payment gateways and how businesses in trading and other sectors can optimise their operations through enhanced liquidity management and integrated systems.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #BitSpace #iFXExpoDubai #FinancialTechnology #CrossBorderPayments #Stablecoins #CryptoPaymentGateways #LiquidityManagement #PaymentSolutions #FinancialInnovation #BusinessOptimization #TradingIndustry #PaymentIndustry #TechInnovation #Blockchain #2025Strategy

    Don’t miss out on our latest videos, interviews, and event coverage.
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    In this executive interview at the iFX Expo Dubai 2025, Meryem Habibi, Chief Revenue Officer at Bitpace talks about the company’s innovations in the financial technology space. She discusses how Bitpace is addressing challenges in cross-border payments by leveraging stablecoins, and offering fast, low-cost solutions that are transforming the payments industry. Meryem also highlights the growing role of crypto payment gateways and how businesses in trading and other sectors can optimise their operations through enhanced liquidity management and integrated systems.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #BitSpace #iFXExpoDubai #FinancialTechnology #CrossBorderPayments #Stablecoins #CryptoPaymentGateways #LiquidityManagement #PaymentSolutions #FinancialInnovation #BusinessOptimization #TradingIndustry #PaymentIndustry #TechInnovation #Blockchain #2025Strategy

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

    In this executive interview at the iFX Expo Dubai 2025, Meryem Habibi, Chief Revenue Officer at Bitpace talks about the company’s innovations in the financial technology space. She discusses how Bitpace is addressing challenges in cross-border payments by leveraging stablecoins, and offering fast, low-cost solutions that are transforming the payments industry. Meryem also highlights the growing role of crypto payment gateways and how businesses in trading and other sectors can optimise their operations through enhanced liquidity management and integrated systems.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #BitSpace #iFXExpoDubai #FinancialTechnology #CrossBorderPayments #Stablecoins #CryptoPaymentGateways #LiquidityManagement #PaymentSolutions #FinancialInnovation #BusinessOptimization #TradingIndustry #PaymentIndustry #TechInnovation #Blockchain #2025Strategy

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!


    In this executive interview at the iFX Expo Dubai 2025, Meryem Habibi, Chief Revenue Officer at Bitpace talks about the company’s innovations in the financial technology space. She discusses how Bitpace is addressing challenges in cross-border payments by leveraging stablecoins, and offering fast, low-cost solutions that are transforming the payments industry. Meryem also highlights the growing role of crypto payment gateways and how businesses in trading and other sectors can optimise their operations through enhanced liquidity management and integrated systems.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #BitSpace #iFXExpoDubai #FinancialTechnology #CrossBorderPayments #Stablecoins #CryptoPaymentGateways #LiquidityManagement #PaymentSolutions #FinancialInnovation #BusinessOptimization #TradingIndustry #PaymentIndustry #TechInnovation #Blockchain #2025Strategy

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  • Why Brokerages Choose B2TRADER for Multi Market Growth


    Why Brokerages Choose B2TRADER for Multi Market Growth

    Why Brokerages Choose B2TRADER for Multi Market Growth


    Why Brokerages Choose B2TRADER for Multi Market Growth

    Why Brokerages Choose B2TRADER for Multi Market Growth


    Why Brokerages Choose B2TRADER for Multi Market Growth

    The global trading landscape is rapidly evolving, and brokerages are looking for solutions that can help them scale and stay competitive. In this webinar, Vladimir Moshkov, Head of B2TRADER shares how B2TRADER empowers brokerages to grow across multiple markets. He highlights key features of the B2TRADER platform and discusses strategies for improving operations, managing client relationships, and driving profitability. Vladimir also shares insights on how brokerages can leverage B2TRADER to attract new clients and enhance overall business performance.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #B2TRADER #ForexTrading #CryptoTrading #BrokerSolutions #MultiMarketGrowth #FinancialTechnology #TradingInnovation #BrokerageTools #SaaSforBrokers #FinancialSolutions #BusinessGrowth #TradingPlatforms #MarketExpansion #FinTechInnovation

    Don’t miss out on our latest videos, interviews, and event coverage.
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    The global trading landscape is rapidly evolving, and brokerages are looking for solutions that can help them scale and stay competitive. In this webinar, Vladimir Moshkov, Head of B2TRADER shares how B2TRADER empowers brokerages to grow across multiple markets. He highlights key features of the B2TRADER platform and discusses strategies for improving operations, managing client relationships, and driving profitability. Vladimir also shares insights on how brokerages can leverage B2TRADER to attract new clients and enhance overall business performance.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #B2TRADER #ForexTrading #CryptoTrading #BrokerSolutions #MultiMarketGrowth #FinancialTechnology #TradingInnovation #BrokerageTools #SaaSforBrokers #FinancialSolutions #BusinessGrowth #TradingPlatforms #MarketExpansion #FinTechInnovation

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

    The global trading landscape is rapidly evolving, and brokerages are looking for solutions that can help them scale and stay competitive. In this webinar, Vladimir Moshkov, Head of B2TRADER shares how B2TRADER empowers brokerages to grow across multiple markets. He highlights key features of the B2TRADER platform and discusses strategies for improving operations, managing client relationships, and driving profitability. Vladimir also shares insights on how brokerages can leverage B2TRADER to attract new clients and enhance overall business performance.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #B2TRADER #ForexTrading #CryptoTrading #BrokerSolutions #MultiMarketGrowth #FinancialTechnology #TradingInnovation #BrokerageTools #SaaSforBrokers #FinancialSolutions #BusinessGrowth #TradingPlatforms #MarketExpansion #FinTechInnovation

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!


    The global trading landscape is rapidly evolving, and brokerages are looking for solutions that can help them scale and stay competitive. In this webinar, Vladimir Moshkov, Head of B2TRADER shares how B2TRADER empowers brokerages to grow across multiple markets. He highlights key features of the B2TRADER platform and discusses strategies for improving operations, managing client relationships, and driving profitability. Vladimir also shares insights on how brokerages can leverage B2TRADER to attract new clients and enhance overall business performance.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:
    🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
    👍 Facebook: https://www.facebook.com/financemagnates/
    📸 Instagram: https://www.instagram.com/financemagnates_official/
    🐦 X: https://x.com/financemagnates?
    🎥 TikTok: https://www.tiktok.com/tag/financemagnates
    ▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g

    #B2TRADER #ForexTrading #CryptoTrading #BrokerSolutions #MultiMarketGrowth #FinancialTechnology #TradingInnovation #BrokerageTools #SaaSforBrokers #FinancialSolutions #BusinessGrowth #TradingPlatforms #MarketExpansion #FinTechInnovation

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

    The global trading landscape is rapidly evolving, and brokerages are looking for solutions that can help them scale and stay competitive. In this webinar, Vladimir Moshkov, Head of B2TRADER shares how B2TRADER empowers brokerages to grow across multiple markets. He highlights key features of the B2TRADER platform and discusses strategies for improving operations, managing client relationships, and driving profitability. Vladimir also shares insights on how brokerages can leverage B2TRADER to attract new clients and enhance overall business performance.

    📣 Stay updated with the latest in finance and trading!
    Follow Finance Magnates across our social media platforms for news, insights,

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