Crypto Trading Fuels 129% Surge in Robinhood’s Q3 Revenue

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Driven by a massive spike in cryptocurrency activity, Robinhood reported a 129% year-over-year jump in quarterly trading revenue.

The brokerage’s crypto revenue alone soared over 300% to $268 million, powering total revenue to $1.27 billion—beating analyst estimates.

Shares of HOOD climbed over 4% following the strong earnings report, which also highlighted growth in options and equities trading.

The results underscore how crypto volatility is becoming a major profit engine for the retail-focused trading platform, far outpacing its other segments.