Обновлено 31 October
Robinhood Reports $14.4 Billion Crypto Trading Volume in Q3 2024
Robinhood reported $14.4 billion in crypto trading volume for Q3 2024, a 114% increase from Q3 2023 but 33% lower than Q2 2024. The earnings report indicates growth in users, assets under custody, and expanded Web3 activities, highlighting its commitment to crypto and Web3 investment despite revenue fluctuations.
In 2024, Robinhood actively pursued crypto-related ventures, achieving significant gains in Q1 followed by a gradual decline. The firm continues to explore new opportunities, expanding its presence in Europe, entering the stablecoin market, and launching crypto transfer services. Additionally, it ventured into political prediction markets, illustrating a diversified Web3 strategy amid regulatory challenges.
CEO Vlad Tenev expressed confidence in the company's trajectory, noting recent milestones and future plans. He stated, “I’m proud of our Q3 results and how well our product team is performing.” Tenev mentioned upcoming features such as Robinhood Legend for desktop, index options, futures, and a profit/loss tool, indicating strong momentum for the company.
The report indicated steady progress in various metrics, including reduced expenses, a growing user base, and increased assets. Robinhood's Q3 performance positively impacted its stock, with executives optimistic about forthcoming products and sustained Web3 investment.