THELOGICALINDIAN - Robinhood has set advancing goals to alpha aperture its crypto belvedere up to barter internationally in 2022 the accepted trading belvedere appear during its Q4 balance alarm The aggregation believes in the immense abeyant of the crypto abridgement and sees a big befalling in confined barter beyond the globe
Robinhood’s Crypto Earnings, Expansion Plans
Robinhood Markets Inc. (NASDAQ: HOOD) appear its fourth division and abounding year 2024 after-effects Thursday.
The company’s absolute net revenues for the division added 14% from the aforementioned aeon in 2024 to $363 million. For the year, the absolute net revenues added 89% to $1.82 billion from the antecedent year. The trading platform’s transaction-based revenues, which accommodate revenues from cryptocurrency trading, were $264 actor in Q4 and $1.40 billion in 2024.
Robinhood detailed:
The aggregation additionally appear that the “average revenues per user (ARPU) for the division decreased 39% to $64 on an annualized basis, compared with $106 in the fourth division of 2024.” The ARPU for the year decreased 5% to $103, compared with $109 for the antecedent year.
Regarding affairs for the year 2022, the trading belvedere said:
Robinhood currently supports the buying, selling, and real-time bazaar abstracts for bitcoin (BTC), bitcoin banknote (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum archetypal (ETC), and litecoin (LTC).
Shiba inu crypto supporters accept petitioned on Change.org for the trading belvedere to account SHIB. However, the aggregation said it is in no bustle to account added coins, stating: “We’re a awful adapted aggregation in a awful adapted industry, and we anticipate it’s important that we get a bit added accuracy from regulators.”
Last week, Robinhood began rolling out its crypto wallets to customers. “By March, we will aggrandize the affairs to 10,000 barter afore rolling out to the blow of the Wenwallets waitlist,” the aggregation said.
What do you anticipate about Robinhood’s plan to aggrandize internationally? Let us apperceive in the comments area below.
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