Robinhood’s crypto revenue drives major Q3 earnings boost and trading growth

Key Points:

• Robinhood’s crypto revenue rose over 300% in Q3 2025.

• Total trading revenue grew 129% year-over-year to $730 million.

• The Bitstamp acquisition added $100 million in annualized income.

• Robinhood’s Q3 earnings beat analyst expectations at $0.61 per share.

Robinhood’s crypto revenue surged in the third quarter, rising over 300% to $268 million.

This strong growth played a key role in boosting Robinhood’s overall Q3 earnings to $1.27 billion, well above Wall Street expectations.

From my standpoint, the numbers show how cryptocurrency trading is becoming central to Robinhood’s business model. The firm’s transaction-based revenue hit $730 million, up 129% year-over-year, with most of that growth tied to digital assets.

According to Chief Financial Officer Jason Warnick, “Q3 was another strong quarter of profitable growth, and we continued to diversify our business.” That diversification includes new business lines like Prediction Markets and the Bitstamp acquisition, each generating more than $100 million annually.

Crypto trading lifts Robinhood Q3 earnings

The company’s total earnings per share came in at $0.61, surpassing projections of $0.53. Options revenue remained the largest contributor at $304 million, while equities trading revenue climbed 132% to $86 million. Still, Robinhood’s crypto revenue stands out as the most dynamic growth driver, reinforcing investor interest in digital assets.

What I’ve found is that Robinhood’s performance shows how retail enthusiasm for cryptocurrency trading continues to rise, even amid broader market fluctuations. In Q2, crypto trading volume grew 32% year-over-year to $28 billion, but Q3 marked an even greater leap in engagement and profitability.

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Bitstamp acquisition expands global crypto footprint

Robinhood’s expansion strategy is paying off. The Bitstamp acquisition in June allowed the company to strengthen its European presence and roll out crypto perpetual contracts across the EU. This strategic move is expected to deepen Robinhood’s reach among advanced traders and new retail users.

The firm also launched over 400 Stock Tokens in partnership with Arbitrum, linking traditional equities with blockchain-based trading. These initiatives signal a deliberate push toward integrating Web3 elements within Robinhood’s ecosystem.

Record user growth and platform assets

The company reported 26.8 million funded customers, an increase of 2.5 million year-over-year. Total platform assets jumped nearly 120% to $333 billion. This rapid user and asset growth indicates how accessible trading has become for everyday investors using Robinhood’s platform.

From my analysis, this growth shows the long-term viability of the crypto market and how trading platforms that adapt quickly to investor needs can gain strong traction.

Robinhood’s crypto revenue continues to strengthen investor confidence. The platform’s success aligns with the broader crypto market growth observed in 2025. Many investors view Robinhood as a gateway for both traditional and digital asset exposure.

The combination of strong trading revenue, increased market activity, and global expansion through acquisitions like Bitstamp positions Robinhood for sustainable profitability in the digital finance sector.

Robinhood’s crypto revenue shapes the future of trading

Robinhood’s crypto revenue growth is not only driving its quarterly results but also shaping its future business direction. As the firm deepens its crypto offerings and global reach, it stands as a case study in how brokerage firms can successfully adapt to digital asset markets.