Robinhood's Q3 crypto trading volumes increase to $14.4 billion, more than double from last year

Robinhood Announces Third Quarter Earnings: Cryptocurrency Trading Volume Increases to $14.40 Billion, More Than Doubled Compared to the Same Period Last Year

According to Foresight News, The Block reported that Robinhood announced its third-quarter financial report. In the third quarter, the cryptocurrency trading volume grew by 112% year-on-year to $14.40 billion, while stock trading volume increased by 65% to $286.20 billion. Robinhood's trading revenue rose 72% compared to the same period last year, reaching $319 million. Cryptocurrency trading revenue was $61 million, up 165%; options trading revenue was $202 million, up 63%; and stock trading revenue was $37 million, up 37%. Additionally, its assets under custody (AUC) grew by 76% year-on-year to $152.20 billion.

Robinhood Announces Q3 Earnings: Cryptocurrency Trading Volume Rises to $14.40 Billion, Stock Trading Volume Grows by 65%

Robinhood (stock code: HOOD) released its third-quarter earnings report on Wednesday, showing that cryptocurrency trading revenue increased by 165% year-over-year to $61 million, with trading volume rising by 112% year-over-year. The cryptocurrency trading volume grew to $14.40 billion, while stock trading volume reached $286.20 billion. Robinhood's trading revenue increased by 72%, reaching $319 million. Custodial assets grew by 76% year-over-year to $152.20 billion. The earnings per share for the third quarter was $0.17.

Odaily Planet Daily reports that Robinhood (stock code: HOOD) released its third-quarter earnings report on Wednesday, showing that despite a slowdown in trading volume throughout the year, retail traders remain highly interested in cryptocurrencies. Cryptocurrency trading volume increased by 112% year-on-year to $14.40 billion, while stock trading volume grew by 65% to $286.20 billion. However, cryptocurrency trading volume has decreased from $21.50 billion in the second quarter and $36 billion in the first quarter of this year. Robinhood's trading revenue increased by 72% from last year to $319 million, with cryptocurrency trading revenue at $61 million (up 165%), options trading revenue at $202 million (up 63%), and stock trading revenue at $37 million (up 37%). The cryptocurrency revenue is still down from $81 million in the previous quarter. The company's assets under custody (AUC) grew by 76% year-on-year to $152.20 billion, thanks to ongoing net deposits and rising valuations of stocks and cryptocurrencies. AUC includes the total value of all stocks, options, cryptocurrencies, and cash held in user accounts, minus any receivables owed by users. Robinhood reported a third-quarter earnings per share of $0.17, reversing a loss of $0.09 per share from last year. Quarterly revenue was $637 million, slightly below the expected $650.67 million. (The Block)

Robinhood's Q3 cryptocurrency trading revenue increased by 165% year-over-year to $61 million, with trading volume rising by 112% year-over-year.

Robinhood announced its third-quarter performance, with cryptocurrency trading volume increasing by 112% year-over-year to $14.40 billion, and trading revenue rising by 72% to $319 million. Assets under custody grew by 76% year-over-year to $152.20 billion. Earnings per share were $0.17.

PANews reported on October 31 that according to The Block, U.S. brokerage firm Robinhood has released its third-quarter performance report, which shows that despite a slowdown in annual trading volume, retail traders remain highly interested in cryptocurrencies. The cryptocurrency trading volume on the Robinhood platform increased by 112% year-on-year to $14.40 billion in the third quarter (though it decreased compared to the previous two quarters), while its stock trading volume grew by 65% to $286.20 billion.

Robinhood's trading revenue increased by 72% compared to the same period last year, reaching $319 million, with cryptocurrency trading revenue at $61 million (up 165%), options trading revenue at $202 million (up 63%), and stock trading revenue at $37 million (up 37%). Despite the growth, cryptocurrency revenue decreased from $81 million in the previous quarter.

The company's assets under custody (AUC) grew by 76% year-on-year to $152.20 billion, thanks to ongoing net deposits and rising valuations of stocks and cryptocurrencies. Robinhood reported earnings per share of $0.17 for the third quarter, reversing a loss of $0.09 per share from the previous year. Quarterly revenue was $637 million, slightly below the expected $650.67 million.

Robinhood's Q3 cryptocurrency trading volume increased to $14.40 billion, with trading revenues rising by 72%.

According to a report by The Block on October 31, the zero-commission trading platform Robinhood (stock code: HOOD) released its third-quarter financial report. The data shows that the cryptocurrency trading volume for the quarter reached $14.40 billion, a year-on-year increase of 112%, but it has shown a declining trend quarter-over-quarter compared to $21.50 billion in the second quarter and $36 billion in the first quarter. In terms of stock trading, the trading volume reached $286.20 billion, a year-on-year increase of 65%. Specific revenue data indicates that Robinhood's total revenue for the third quarter was $637 million, slightly below the market expectation of $651 million. Among this, transaction-related revenue grew by 72% year-on-year to $319 million, with a breakdown showing that cryptocurrency trading revenue was $61 million, a year-on-year increase of 165%, but down from $81 million in the previous quarter; options trading revenue was $202 million, a year-on-year increase of 63%; and stock trading revenue was $37 million, a year-on-year increase of 37%. The company's Chief Financial Officer Jason Warnick stated, "The third quarter performed strongly, with revenue increasing by 36% year-on-year, most of which converted into profit. We have set a goal to achieve another year of profit growth at the beginning of 2024 and are pleased to have broken revenue and earnings per share records." Notably, Robinhood's assets under custody (AUC) increased by 76% year-on-year to $152.20 billion, primarily due to continued net deposits from users and rising valuations of stocks and cryptocurrencies. Additionally, the company confirmed this month that it will expand support for Bitcoin and Ethereum futures products and will launch contract products this week that allow users to predict the outcome of the U.S. presidential election.

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According to a report from The Block on October 31, Robinhood (stock code: HOOD), a zero-commission trading platform, released its third-quarter financial report. The data shows that the cryptocurrency trading volume in this quarter reached $14.40 billion, a year-on-year increase of 112%, but a decline compared to the $21.50 billion in the second quarter and $36 billion in the first quarter. In terms of stock trading, the trading volume reached $286.20 billion, a year-on-year increase of 65%.
Specific revenue data reveals that Robinhood's total revenue in the third quarter was $637 million, slightly below the market expectation of $651 million. Among this, transaction-related revenue grew by 72% year-on-year to $319 million. Breaking it down: cryptocurrency trading revenue was $61 million, a year-on-year increase of 165%, but a decline from $81 million in the previous quarter; options trading revenue was $202 million, a year-on-year increase of 63%; and stock trading revenue was $37 million, a year-on-year increase of 37%.
The company’s Chief Financial Officer, Jason Warnick, stated: "The third quarter performed strongly, with a year-on-year revenue growth of 36%, most of which converted into profits. We have set a goal for another year of profit growth at the beginning of 2024 and are pleased to have broken historical records for revenue and earnings per share." Notably, Robinhood's assets under custody (AUC) grew by 76% year-on-year to $152.20 billion, primarily due to continued net deposits from users and rising valuations of stocks and cryptocurrencies. Additionally, the company has confirmed this month that it will expand its support for Bitcoin and Ethereum futures products and has launched a contract product this week that allows users to predict the outcome of the U.S. presidential election.
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Robinhood's cryptocurrency trading volume reached $14.40 billion in the third quarter, more than doubling year-over-year.

In the third quarter, Robinhood's cryptocurrency trading volume reached $14.40 billion, a year-on-year increase of 112%, doubling compared to last year, but declining from the previous two quarters. The total revenue for the third quarter was $637 million, falling short of the market expectation of $651 million. Revenue from cryptocurrency trading was $61 million, soaring 165% year-on-year, but down from $81 million in the previous quarter. Additionally, Robinhood's total assets under custody (AUC) grew by 76% year-on-year, reaching $152.20 billion.

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			Robinhood's cryptocurrency trading volume reached $14.40 billion in the third quarter, a year-on-year increase of 112%, doubling compared to last year, but showing a decline compared to the previous two quarters. The total revenue for the third quarter was $637 million, falling short of market expectations of $651 million. Revenue from cryptocurrency trading was $61 million, soaring 165% year-on-year, but down from $81 million in the previous quarter. Additionally, Robinhood's total assets under custody (AUC) grew 76% year-on-year, reaching $152.20 billion. (TheBlock) 
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Robinhood's net revenue for the third quarter was $637 million, falling short of expectations.

JUST IN: Robinhood's crypto trading volume increased by 112% year-over-year.

Robinhood's crypto trading volume doubles, but shares dip 12% on Q3 earnings

Shares in trading platform Robinhood fell 12.4% after-hours after its third-quarter earnings missed Wall Street estimates, though crypto trading volume and revenues doubled year-on-year. Robinhood’s Q3 results show that crypto trading volumes and crypto revenue soared 112% and 165% year-on-year in the third quarter, coming to $14.4 billion and $61 million, respectively, helping the firm swing back into profit. However, the $150 million net income and $637 million revenue Robinhood posted in Q3 still missed industry estimates, and consequently, HOOD shares fell over 12.4% in after-hours trading, Google Finance data shows. Robinhood’s $0.17 earnings per share missed the Zacks Consensus Estimate of $0.18, while its reported revenue fell 3.6% from Zacks’ $661.2 million estimate. Despite missing industry estimates, Robinhood’s chief financial officer Jason Warnick is still pleased with how the firm has fared so far this year: “When we reflect on our revenue so far this year, it feels good that our last three quarters are the three highest in company history.” While Robinhood’s crypto trading volume increased 112% from Q3 2023, it fell considerably from $36 billion in Q1 2024 and $21 billion in Q2 2024. Crypto revenue also fell from $81 million in the previous quarter. The firm’s assets under custody also increased 76% year-on-year to $152.2 billion. It partially attributed rising crypto valuations to this as its total crypto assets under custody increased to $19.45 billion — up 32.3% from $14.7 billion in Q4 2023. Related: Robinhood launches US presidential elections bets for Harris and Trump In June, Robinhood agreed to acquire the Bitstamp crypto exchange in a $200 million deal that would enable it to serve institutional investors in the United States. The deal is still subject to regulatory approval and is expected to be finalized in the first half of 2025. Robinhood launched its cryptocurrency unit in February 2018, offering Bitcoin and Ether ( ETH ) trading in several states. It has since expanded its offering for Litecoin ( LTC ), Uniswap ( UNI ), Avalanche ( AVAX ), Chainlink ( LINK ) and several other tokens. Despite HOOD’s fall in after-hours trading, it is still up 128% so far in 2024, trading at $28.21. Magazine: Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky 

Robinhood doubles crypto trading volume, but shares dip 12% on Q3 earnings

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/31/uukztttnwow7.png'/>Robinhood also reported a 76% year-on-year increase in assets under custody, attributed to rising crypto valuations.

Robinhood (ticker HOOD), the commission-free brokerage firm, reported third-quarter earnings Wednesday afternoon, which showed retail traders continued appetite for crypto although trading volume has slowed throughout the year.Crypto trading volumes grew 112% year-over-year to $14.4 billion, while equity trading volumes rose 65% to $286.2 billion. However, crypto trading volume has dropped from $21.5 billion in the second quarter and $36 billion in the first quarter of this year.Robinhood's transaction-based revenues increased 72% from last year to $319 million, with cryptocurrency trading bringing in $61 million (up 165%), options trading earning $202 million (up 63%), and equities generating $37 million (up 37%). Despite the gains, crypto revenue declined from $81 million in the previous quarter.The company's Assets Under Custody (AUC) rose 76% year-over-year to $152.2 billion, driven by ongoing net deposits and increased valuations of stocks and cryptocurrencies. AUC includes the total value of all equities, options, cryptocurrencies and cash held in user accounts, minus any receivables owed by users.“Q3 was another strong quarter, as we drove 36% year-over-year revenue growth, and dropped most of that to the bottom line,” said CFO Jason Warnick. “We entered 2024 with the goal of delivering another year of profitable growth, so we're excited to have already broken prior full year records for both revenue and EPS.”Earlier this month, Robinhood confirmed it will expand its bitcoin and ether support to futures products amid a broader rollout of advanced trading tools for the platform. And just this week, the company introduced event contracts allowing users to bet on the outcome of the U.S. presidential election.

Robinhood第三季度的加密货币交易量增长至144亿，较去年增长超过两倍

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Robinhood第三季度的加密貨幣交易量增長至144億，較去年增長超過兩倍