Robinhood's Q1 Crypto Trading Volume Surged 224% as SEC Action Looms [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
That led to a 232% increase in crypto-related a revenue to $126 million, a primary factor, said the company , in driving overall first quarter transaction-based revenue up 59% year-over-year to $329 million. Robinhood had $26.2 billion in user's crypto in custody as of March 31, a 78% jump from the end of 2023. The larger transaction revenue due to crypto trading isn't surprising as another publicly traded crypto peer, Coinbase (COIN), also reported "blowout" first quarter numbers due to improving crypto market conditions. Read more: Crypto Exchange Coinbase Had a Blowout First Quarter Robinhood also handily beat its first-quarter sales and earnings estimates. The company reported $618 million in revenue in the quarter, ahead of analyst estimates of $552.7 million, according to FactSet data. First quarter earnings were $0.18 per share, topping the average analyst expectation of $0.06. Shares of Robinhood were up about 7% in post-market trading on Wednesday, while Coinbase s
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COIN
News
- The Mooch, Andrew Yang, and crypto's tipping point [Yahoo! Finance]Yahoo! Finance
- Bitcoin Breakout: 2 Top Ranked Stocks for the Next Leg Higher [Yahoo! Finance]Yahoo! Finance
- The Mooch, Andrew Yang, and crypto's tipping point [Fortune]Fortune
- Fund Managers Brace for SEC Rejection of Ether-ETF Applications [Yahoo! Finance]Yahoo! Finance
- Fund Managers Brace for SEC Rejection of Ether-ETF Applications [BNN Bloomberg (Canada)]BNN Bloomberg
COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- COIN's page on the SEC website