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Robinhood's Q4 Crypto-Related Trading Revenue Up 304% To $48M
Summary: Robinhood (NASDAQ: HOOD) released its fourth-quarter and full-year 2021 financial report on Thursday. The report shows that revenue related to crypto trading rose 304% to $48 million in the fourth quarter of 2021 and to $419 million for the full year, compared to $12 million in the fourth quarter of 2020 and $27 million for the ...
Robinhood (NASDAQ: HOOD) released its fourth-quarter and full-year 2021 financial report on Thursday. The report shows that revenue related to crypto trading rose 304% to $48 million in the fourth quarter of 2021 and to $419 million for the full year, compared to $12 million in the fourth quarter of 2020 and $27 million for the full year of 2020.
Robinhood has successfully completed alpha testing and launched a public beta of the crypto wallet, the company said, and is preparing for a full launch of the crypto wallet in the first quarter of 2022, and will begin opening its crypto platform to international customers in 2022.
Robinhood's stock price has tanked over 86% from its recent highs since going public in July 2021, according to CNBC data. HOOD fell more than 34% in January and the market value fell below $10 billion.
By Mary Liu
Tags: Crypto,Crypto Wallet,Robinhood
Link: Robinhood's Q4 Crypto-Related Trading Revenue Up 304% To $48M [Copy]
