Robinhood (HOOD 1.03%), the online brokerage that popularized commission-free trading through its streamlined app, generated 20% its revenue from cryptocurrency trades in 2025. The bears often claim that Robinhood’s heavy reliance on crypto trading makes it an unreliable long-term investment, given the crypto market’s notorious volatility.
But in the first quarter of 2026, Robinhood’s total revenue rose 15% year over year to $1.07 billion, even though its crypto trading revenue plunged 47% to $134 million and only accounted for 13% of its top line. Let’s see how Robinhood offset its declining crypto revenue, and why that diversification makes it a better long-term investment.
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