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Robinhood reported a 400% surge in crypto trading volume in the fourth quarter, reaching $70 billion. Total transaction-based revenue doubled year-over-year to $672 million, with crypto trading revenue skyrocketing 700% to $358 million. The company’s total fourth-quarter revenue was $1.01 billion. CEO Vlad Tenev advocated for clearer regulatory guidelines in the US for crypto adoption and tokenization of equity. Robinhood also expanded its product offerings in 2024.
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