- Trading platform Robinhood Markets posted its second-quarter earnings on Wednesday
- The financial figures contained in the earnings release showed double-digit growth for the company
- The update in earnings comes a month after Robinhood rolled out tokens offering exposure to U.S. stocks in the E.U. region.
Trading platform Robinhood Markets posted its second-quarter earnings on Wednesday as the company moves further into cryptocurrency, expanding investment options for its customers.
“We delivered strong business results in Q2 driven by relentless product velocity, and we launched tokenization— which I believe is the biggest innovation our industry has seen in the past decade,” said Robinhood CEO Vlad Tenev.
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The financial figures contained in the earnings release showed double-digit growth for the company, with net revenues increasing by 45% to $989 million and net income increasing by 105% to $386 million.
“Q2 was another great quarter as we drove market share gains, closed the acquisition of Bitstamp and remained disciplined on expenses,” said Robinhood CFO Jason Warnick.
The update in earnings comes a month after Robinhood rolled out tokens offering exposure to U.S. stocks in the E.U. region.
“At our recent event Robinhood Presents: To Catch a Token in June 2025, the company unveiled a suite of new crypto products, expanded into 30 European countries, launched Stock Tokens in Europe on over 200 US stocks and ETFs, and offered Crypto staking to eligible US customers” stated the earnings release.
Source: Google Finance
