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.