Crypto makes up 43% of Robinhood’s transaction revenue as retail traders come back
Robinhood’s first-quarter results marked a revival in retail crypto trading, with the platform’s crypto revenue doubling year-over-year to $252 million.
This surge contributed to a 77% increase in transaction-based revenue, underlining the growing role of individual traders in the market’s latest chapter. Retail-driven activity powered Robinhood to its strongest quarter as mainstream investors reengaged amid volatility.
However, global interest in Bitcoin may not mimic data seen in Robinhood’s data. Searches for Bitcoin on Google Trends are near five-year lows, with the top countries being El Salvador, Nigeria, and the Netherlands. The United States is way down the list at number 28, just behind the UK.
