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Robinhood crypto trading volume up 224% YoY to $36 billion in Q1

  • Robinhood reported $36 billion in crypto notional trading volume during the first quarter of 2024, a 224% increase year over year.
  • Record net revenues of $618 million, up 40% year over year, were reported.
  • The net income for the first quarter was $157 million compared to a net loss of $511 million during the same period last year.
  • Robinhood received a Wells Notice from the SEC regarding its crypto unit, but the company affirmed its commitment to providing access to cryptocurrencies for consumers.

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