Key Highlights
- •Robinhood's crypto revenue reached $268 million, a 300% increase year-on-year.
- •Total company revenue for Robinhood in Q3 was $1.27 billion.
- •The platform now supports over 25 cryptocurrencies, expanding its offerings.
Financial Performance and Growth
Robinhood Markets has announced a substantial increase in its third-quarter crypto revenue for 2025, reporting a 300% year-on-year rise that brought its crypto revenue to $268 million. This surge is attributed to heightened trading activity, particularly in Bitcoin, coinciding with the cryptocurrency's market rebound. The company's overall revenue for the quarter reached $1.27 billion, surpassing analyst projections.
This growth underscores Robinhood's strategic expansion into the cryptocurrency sector, an initiative initially championed by its CEO, Vladimir Tenev. The company has been actively enhancing its crypto services, which now include support for more than 25 different tokens, integration of decentralized finance (DeFi) functionalities, and direct fiat-to-crypto trading capabilities.
Leadership and Future Expansion
Key leadership figures, including CEO Vladimir Tenev and outgoing CFO Jason Warnick, have been instrumental in Robinhood's growth trajectory. Tenev has guided the company's transformation from a stock-focused trading application to a more comprehensive platform with a strong emphasis on crypto. Shiv Verma is slated to assume the role of CFO in 2026, succeeding Warnick and signaling a new phase in the company's leadership structure.
CEO Vladimir Tenev has expressed the company's intention to expand its prediction markets into new international markets. He also indicated plans to integrate tokenized stocks as the decentralized finance ecosystem continues to develop. These strategic moves are part of Robinhood's broader objective to diversify its service portfolio and enhance its financial product offerings.
Financial Strategies and Market Standing
Robinhood's decision to repurchase 1 million shares in Q3 at $37.58 per share is a component of its larger $1 billion share buyback program. This strategy reflects the company's strong cash flow management. As Robinhood continues to strengthen its financial position, it reported $20.4 billion in net deposits, with platform assets growing to $333 billion, an increase of 119% compared to the previous year.
The recent acquisition of the Bitstamp exchange is expected to contribute over $100 million in annual revenues, further diversifying the company's income streams. These initiatives demonstrate Robinhood's commitment to reinforcing its financial infrastructure while simultaneously promoting broader access to financial services.
Impact on Crypto Trading and Assets
The company's third-quarter report highlighted significant increases in trading volumes for major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and various altcoins. This elevated trading activity is closely linked to the price recovery observed across these digital assets. Robinhood's expansion of its token offerings now encompasses support for over 25 distinct tokens, featuring prominent DeFi and governance tokens.
While Robinhood functions as a custodial brokerage and does not provide specific on-chain transaction data, its platform maintains substantial liquidity. Platform assets under custody have seen an 119% year-over-year increase. The company's strategic approach to incorporating new markets, such as prediction markets, is currently operating at a $300 million annualized run rate, indicating ongoing development in its on-chain activity metrics.