Robinhood Crypto sees 8x jump in the revenue of the encryption trade in the fourth quarter 2024, and click on Coinbase: Report
According to the RobinHood Crypto Department, the eight times a leap in the revenues resulting from digital asset transactions in the last quarter of last year.
According to a new investment Robenol a reportThe trading applications giant increased by 200 % on an annual basis in transactions -based revenue, due to encryption.
“The total net revenue increased by 115 % year on year to $ 1.01 billion.
Revenue based on transactions increased on more than 200 % year on an annual basis to $ 672 million, driven primarily with cryptocurrencies revenue of 358 million dollars, an increase of more than 700 %, options revenue of 222 million dollars, an increase of 83 %, and the share revenue of 61 One million dollars, an increase of 144 %.
The net interest revenues increased by 25 % year on an annual basis to $ 296 million, primarily driven by growth in interest gain assets, partially matched by a lower federal money rate.
Other revenues increased by 31 % year on an annual basis to $ 46 million, due primarily to the increase in gold subscription revenues. “
According to Reuters a reportThe latest progress of Robinhood in Crypto enhances the trading application as a major competitor for the pioneering Crypto Coinbase in the United States.
Paul Marino, the chief revenue in TURNS ETFS (the traded boxes on the stock exchange), says of the success of Robinhood.
“The fact that Robinhood has had such an increase in revenue through its entire platform is more than just a appetite for the dangers in the market – it is also a testimony to the adoption of its platform and the fact that the next generation of merchants prefer what Robinhood is to provide for competitors.”
Coinbase on the date for issuing its semester profit report later today.
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Follow us xand Facebook and cable
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must conduct due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Distinctive image: Wind of the sunken/space
