Robinhood’s Q1 Earnings Surge Amidst Crypto and Options Boom

Online brokerage platform Robinhood delivered strong first-quarter earnings on Wednesday, driven by a surge in trading activity fueled by volatility across crypto, equities, and options. Net income climbed to $336 million, more than double the previous year’s $157 million, as transaction-based revenue surged 77%. This growth was largely attributed to a 100% increase in crypto trading volume, driven by volatile bitcoin prices.