A 224% increase in crypto trading volumes in the first year’s quarter boosted Robinhood trading figures to $36 billion, with crypto services contributing to nearly 40% of the firm’s transaction-based revenue.
Robinhood launched the credit card as part of a continuing effort to expand the sphere of financial services.
The cost of Robinhood shares on Thursday, March 14, showed growth of nearly 9% after the company reported a significant increase in assets under custody over the past month.
As part of its future activity planning, Robinhood focuses on developing new products and expanding its global presence by launching businesses in new markets.
Robinhood began to gain clients from more well-known brokers, including Fidelity and Charles Schwab.
Digital asset trading volume on a crypto-friendly trading platform Robinhood grew 75% month-on-month in November.
UK customers can now trade US stocks via Robinhood brokerage without extra commission or foreign exchange fees.
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