Home Robinhood’s Q3 Trading Revenue Jumps 129% YoY Primarily Driven By Cryptocurrency

Robinhood’s Q3 Trading Revenue Jumps 129% YoY Primarily Driven By Cryptocurrency

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Robinhood's Q3 Trading Revenue Jumps 129% YoY | 3verseTV
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Robinhood’s third-quarter trading revenue surged 129% year-over-year to $730 million, primarily driven by crypto trading, which jumped over 300% to $268 million.

Total Q3 revenue hit $1.27 billion, surpassing Wall Street’s $1.19 billion estimate, while earnings per share reached $0.61 versus expectations of $0.53.

Options trading contributed $304 million, and equities brought in $86 million. CFO Jason Warnick said Robinhood achieved “another strong quarter of profitable growth,” highlighting its new Bitstamp and Prediction Markets divisions, each generating over $100 million annually.

Funded accounts grew to a record 26.8 million, while total assets climbed 120% to $333 billion. Robinhood’s crypto expansion includes its Bitstamp acquisition, EU stock tokens with Arbitrum, and a $179 million purchase of WonderFi in Canada.

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Written by
Vishakha Thakur -

Vishakha Thakur is a news anchor at 3.0 TV with five years of experience in journalism, specializing in crypto and Web3 for over three years. She hosts popular weekly shows like AI Coins and ETF Watch Crypto Edition and has a deep understanding of the Web3 ecosystem, including Blockchain, Crypto ETFs, Metaverse, NFTs, Meme coins and Digital Assets. Vishakha has reported from major events including Crypto Expo Dubai and Money Expo Mumbai and has interviewed more than 50 industry leaders, such as Eric Balchunas and James Seyffart from Bloomberg, along with experts from CoinShares and Standard Chartered. Before 3.0 TV, she worked with TSR Digital TV in Himachal Pradesh and BalleBolly Magazine in Chandigarh, India’s first English print magazine for the Punjabi film and music industry, where she anchored interviews and wrote feature articles. Hailing from Himachal Pradesh, Vishakha is a gold medalist in Journalism and Mass Communication and is passionate about making complex digital finance topics clear and accessible through careful research and insightful reporting.

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