Robinhood Q2 Crypto Money Dem Don Up 98% Reach $160M; Dem Dey Expand Staking
Robinhood talk say their Q2 2025 crypto money na $160 million, come up 98% from last year, make their total money reach $989 million, up 45% wey pass wetin dem expect. This crypto money come up even though market slow and wahala for politics make e drop 36% from last quarter. The platform handle $28.3 billion crypto trading and make adjusted EPS be $0.42, 35% pass wetin people believe dem go make.
Robinhood extend dia crypto base as dem buy Bitstamp for $200 million and WonderFi from Canada for $179 million, make sure say e dey follow rules for North America. For July, dem start staking service for Ethereum (ETH) and Solana (SOL), more than two-thirds of European SOL don stake. The company also start US stock and ETFs wey dem tokenize on Arbitrum, plan to move go their own custom Layer 2 chain.
By end of quarter, Robinhood get 26.5 million funded accounts, up 9.5% from last year, with revenue per user $151. Adjusted EBITDA margin reach 55.5% and operating margin climb to 44.7%. CEO Vlad Tenev talk say quick product movement and tokenization na the main things wey dey drive growth.
Bullish
Robinhood strong crypto revenue growth and the introduction of ETH and SOL staking services mean say demand and how network dey engage dey rise. The Q2 revenue jump show say trading activity strong well well, while staking fit lock tokens comot and fit help for short-term price pressure. The strategic acquisitions and efforts for tokenization dey improve infrastructure and compliance with rules, fit expand how people go adopt long-term. Together, these things fit make Ethereum and Solana trend up well well.