#Robinhood #Crypto Revenue Doubles to $160M as CEO Pushes Asset #Tokenization


Robinhood's crypto revenue increased 98% year-over-year to $160 million in Q2, with total net revenue climbing 45% to $989 million.


CEO Vlad Tenev called tokenization "the biggest innovation our industry has seen in the past decade" following the launch of Robinhood Chain in Europe.


#Crypto volumes increased 32% to $28 billion as the broader crypto market cap grew 21.7% to $3.36 trillion during the quarter.


The company focuses on tokenizing alternative assets like private equity, venture capital funds, and real estate previously inaccessible to retail investors.


Robinhood's $200 million acquisition of crypto exchange #Bitstamp will play a pivotal role in its #tokenization strategy.


Despite strong results beating Wall Street expectations, company shares retreated slightly in after-hours trading.

image
July 31, 2025 at 11:49 AM
4