Robinhood reported a remarkable 700% increase in crypto trading revenue in Q4, contributing to record profitability as digital asset interest surged. Crypto revenue hit $358 million, up from $45 million the previous year, making up over one-third of total transaction-based revenue, which rose more than 200% to $672 million. This trading boom led to total Q4 revenue of $1.01 billion, a 115% year-over-year increase, with net income soaring to $916 million. Robinhood is expanding its crypto presence by acquiring Bitstamp and offering Ethereum staking in the EU, while also launching new tokens in the U.S. The firm sees potential in tokenization and plans to bridge traditional finance with decentralized finance (DeFi). The company's assets under custody climbed to $193 billion, benefiting from $16 billion in net deposits. Robinhood's shares jumped over 365% in the past year, reflecting its resurgence in profitability and trading activity, particularly in crypto.

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