Robinhood's Q1 nominal cryptocurrency trading volume was $36 billion, a year-on-year increase of 224%

ChainCatcher news, Robinhood's nominal cryptocurrency trading volume in the first quarter was $36 billion, a 224% increase compared to the same period last year.
The company stated that this led to a 232% increase in cryptocurrency-related revenue, reaching $126 million, which was a major factor driving a 59% year-over-year increase in overall trading revenue to $329 million in the first quarter.

As of March 31, Robinhood held user cryptocurrencies worth $26.2 billion, a 78% increase since the end of 2023.