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Robinhood tops quarterly profit estimates as volatility fuels trading volumes surge
BENGALURU] Retail trading platform Robinhood’s first-quarter profit more than doubled and beat analysts’ estimates on Wednesday (Apr 30), driven by a surge in trading volumes from clients looking to hedge their positions amid choppy markets.
Robinhood 1Q Deposits Up on Crypto, Options Trading
Net deposits grew to a record $18 billion. Robinhood Gold Subscribers grew 90% year over year to 3.2 million. The Menlo Park, Calif.-based company said its expansion in prediction markets, which allowed customers to trade on some of the world's biggest events,
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