Robinhood’s cryptocurrency revenue surged to $252 million in Q1 2025, more than doubling year-over-year. This growth represents a significant milestone for the platform amidst mixed overall financial performance. Notably, crypto accounted for half of Robinhood’s total revenue, a testament to the company’s strategic investment in this sector. The company attributed this growth to innovative product launches such as Banking and Cortex, alongside strategic acquisitions that fostered growth in both the crypto and asset management segments. CEO Vlad Tenev emphasized record-breaking customer adoption for products like Robinhood Gold subscriptions and options volume. This comes despite a dip from Q4 2024’s peak revenue of $1 billion to just $927 million overall. The company’s financial report saw its stock close at $49.37, slightly down in after-hours trading, reflecting investor interest in the company’s growth strategy amidst contrasting market trends.