Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts

Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts

The popular trading platform added 500,000 new accounts in the quarter, more than in all of last year and the highest quarter for new accounts since first-quarter 2022, JMP said. Positive momentum has continued, with a record $5 billion in deposits in April versus the monthly average of $3.7 billion in the first quarter, the broker noted.