Robinhood's Second Quarter Cryptocurrency Trading Revenue Hits Record High of $81 Million
Publication Time:2024-08-08 04:26:06
Renowned US internet brokerage firm Robinhood delivered impressive results in the second quarter, with net revenue reaching $682 million, surpassing analysts' expectations of $641.5 million. The company's monthly active users stood at 11.8 million, slightly below the forecast of 13.2 million by analysts. Notably, Robinhood's performance in the cryptocurrency trading sector was also outstanding, with revenues totaling $81 million, slightly below analysts' expected $84.3 million, but still indicating robust growth. Additionally, revenue based on transactions amounted to $327 million, exceeding analysts' predictions of $296 million, showcasing an overall remarkable performance.
Cryptocurrency trading
Robinhood
Revenue Growth