Robinhood's Q4 Revenue Surges 700% Fueled By Crypto Surge And Election Market Activity

Benzinga

Robinhood Markets Inc. reported fourth-quarter revenue, surpassing analyst estimates, driven by cryptocurrency transactions. Crypto revenue surged over 700%, fueled by market activity surrounding the U.S. presidential election. CEO Vlad Tenev emphasized the company's expansion goals, aiming to enable seamless global trading. Robinhood is targeting international growth, planning an Asia launch in 2025 via Singapore and recently introducing U.S. equity-options trading in the U.K. Shares rose 11% on Thursday morning.

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00:00It's Benzinga bringing Wall Street to Main Street Robinhood Markets Inc. reported

00:04fourth quarterly earnings revenue surpassing analyst estimates driven by cryptocurrency

00:08transactions. Crypto revenue surged over 700% by markets actively surrounding the U.S. presidential

00:13election. CEO Vlad Tenev emphasized the company's expansion goals aiming to enable seamless global

00:18trading. Robinhood is targeting international growth, planning an Asian launch in 2025 via

00:23Singapore and recently introducing U.S. equity options trading in the U.K. Shares rose 11%

00:28on Thursday morning. For all things money visit Benzinga.com slash GSTV

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