Catenaa, Thursday, July 31, 2025-Robinhood Markets reported a 32% year-over-year increase in crypto trading volume for the second quarter, driven by expanded product offerings and key acquisitions as the firm advances its long-term crypto strategy.
The brokerage’s crypto trading volume reached $28 billion in Q2, while transaction-based crypto revenue surged 98% to $160 million. Overall quarterly revenue rose 45% to $989 million, and diluted earnings per share doubled to $0.42, surpassing analyst expectations.
Robinhood strengthened its crypto footprint by acquiring Canadian crypto platform WonderFi for $179 million in cash and completing a $200 million purchase of crypto exchange Bitstamp. Following the Bitstamp deal, the exchange reported $7 billion in crypto notional trading volume.
The company expanded services with tokenized equities and crypto perpetual futures in the European Union, along with Ethereum and Solana staking in the US Robinhood is also developing a Layer 2 blockchain based on Arbitrum technology.
Shares of Robinhood closed Wednesday up 2.7% at $106.10, giving the firm a market capitalization near $90 billion.
