The Q1 2025 crypto volume on the platform dropped by 30 per cent from the previous quarter.
Options, on the other hand, brought in $240 million in revenue, 8.1 per cent higher than Q4.
The crypto windfall for Robinhood appears to be fading. Revenue from the asset class for the first quarter of 2025 came in at $252 million, about 30 per cent below the figure from the previous quarter. However, year-over-year, the number doubled.
Diversifying “Outside Crypto”
According to the results, the American brokerage ended Q1 2025 with total net revenue of $927 million, a 50 per cent yearly increase but a decline from $1.01 billion in Q4 2024. The standout figure was the decline in crypto revenue, although it remained higher than revenue from options, previously the broker’s primary income source.
Vlad Tenev, CEO at Robinhood; Photo: Wikimedia Commons
It should be noted that Robinhood beat market estimates with its total revenue and per-share profits.
Amid declining crypto demand, Robinhood plans to diversify its services. “It’s going to go up and down in terms of trading volumes,” said Robinhood CEO Vlad Tenev during an earnings call with shareholders. “We're diversifying the business outside of the crypto business, which will make us less reliant on crypto transaction volumes.”
The broker’s total transaction-based revenue was $583 million, down from $672 million in the previous quarter. Options brought in $240 million in revenue, up from $222 million in Q4, while equities generated $56 million.
The broker’s net quarterly income was $336 million, marking a 114 per cent year-over-year increase. However, the figure remained significantly lower than the previous quarter’s $916 million, when the broker received a windfall in deferred tax benefits.
In Q1, the broker added 1.9 million funded customers to its platform, a 7.9 per cent year-over-year increase. This was higher than the average annual growth rate of 4.1 per cent over the past two years.
Furthermore, average revenue per user stood at $145, up 39 per cent year-over-year, but a decline from $164 in Q4 2024.
The crypto windfall for Robinhood appears to be fading. Revenue from the asset class for the first quarter of 2025 came in at $252 million, about 30 per cent below the figure from the previous quarter. However, year-over-year, the number doubled.
Diversifying “Outside Crypto”
According to the results, the American brokerage ended Q1 2025 with total net revenue of $927 million, a 50 per cent yearly increase but a decline from $1.01 billion in Q4 2024. The standout figure was the decline in crypto revenue, although it remained higher than revenue from options, previously the broker’s primary income source.
Vlad Tenev, CEO at Robinhood; Photo: Wikimedia Commons
It should be noted that Robinhood beat market estimates with its total revenue and per-share profits.
Amid declining crypto demand, Robinhood plans to diversify its services. “It’s going to go up and down in terms of trading volumes,” said Robinhood CEO Vlad Tenev during an earnings call with shareholders. “We're diversifying the business outside of the crypto business, which will make us less reliant on crypto transaction volumes.”
The broker’s total transaction-based revenue was $583 million, down from $672 million in the previous quarter. Options brought in $240 million in revenue, up from $222 million in Q4, while equities generated $56 million.
The broker’s net quarterly income was $336 million, marking a 114 per cent year-over-year increase. However, the figure remained significantly lower than the previous quarter’s $916 million, when the broker received a windfall in deferred tax benefits.
In Q1, the broker added 1.9 million funded customers to its platform, a 7.9 per cent year-over-year increase. This was higher than the average annual growth rate of 4.1 per cent over the past two years.
Furthermore, average revenue per user stood at $145, up 39 per cent year-over-year, but a decline from $164 in Q4 2024.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Prop Firms and Brokers Form a Perfect Synergy: One Offers Access, the Other Capital
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
