Summary
- Vlad Tenev, CEO of Robinhood, announced plans to diversify the business to reduce reliance on cryptocurrency trading volumes.
- Robinhood reported that its cryptocurrency trading volume for Q1 2025 was $46 billion, a significant decrease from the previous quarter.
- It was reported that revenue based on cryptocurrency trading during the same period was $252 million.
Vlad Tenev, co-founder and CEO of Robinhood, stated during a conference call that "cryptocurrency trading volumes will continue to fluctuate," and that they plan to diversify their business to reduce reliance on this sector.
According to DL News, a cryptocurrency-focused media outlet, Robinhood announced its Q1 2025 earnings, reporting that cryptocurrency trading volume decreased significantly to $46 billion from $71 billion in the previous quarter.
Meanwhile, revenue based on cryptocurrency trading during the same period was reported to be $252 million.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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