Robinhood’s crypto trading volume soared by 400% in the fourth quarter to $70 billion as Bitcoin’s rise past $100 000 energized investors driving total revenues to a remarkable $1.01 billion. The firm’s transaction-based revenue saw a significant leap of 200% year-over-year totaling $672 million with crypto trades contributing $358 million thanks to a 700% increase.

Amidst a broader market rally the trading platform’s performance marked a strong recovery from earlier declines in the year. The surge aligns with heightened institutional adoption and market anticipation of clearer US regulations which Robinhood CEO Vlad Tenev has actively advocated for enhancing crypto market accessibility.

Further bolstering its market position Robinhood expanded its offerings by adding new cryptocurrencies and launching features like Ethereum staking in Europe. Plans are also underway to introduce futures trading for commodities and Bitcoin showcasing the company’s commitment to innovation and its optimistic outlook on the digital assets space.

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