Robinhood predicts Q2 market revenue to surpass cryptocurrency and stock trading revenue

Robinhood predicts that market revenue will exceed cryptocurrency and stock trading revenue in the second quarter, driving a 44% year-on-year increase in total trading related revenue to $776 million. The event contract generated $156 million in revenue, cryptocurrency trading revenue was $100 million, and stock trading revenue was $129 million. Chief Financial Officer Shiv Verma stated that Robinhood has achieved new highs in trading volume for stocks, options, and event contracts. The nominal trading volume of Robinhood cryptocurrency is $40 billion, including $22 billion in nominal trading volume of Bitstamp.