Robinhood is aggressively expanding into cryptocurrency, with cryptocurrency transaction-based revenues reaching $252 million in Q1 2025, doubling year over year and accounting for more than 43% of Robinhood’s total transaction revenue. The company also has plans to acquire Bitstamp to broaden its global and institutional reach. Robinhood’s cryptocurrency transaction-based revenues reached $252 million in Q1 2025, doubling year over year and accounting for more than 43% of Robinhood’s total transaction revenue. “Bitstamp positions us to serve a much broader customer base with institutional-grade infrastructure and licensing across key international markets,” CEO Vlad Tenev said. The deal is expected to close midyear, pending regulatory approval, and would expand Robinhood’s international crypto footprint by adding nearly 50 licenses and registrations globally. The acquisition also marks a pivot from Robinhood’s original retail-only crypto focus to a more diversified, vertically integrated crypto platform. Robinhood is diversifying its offerings beyond trading, launching products like an AI-powered assistant (Cortex), a managed investment service (Strategies), and expanding its premium Gold membership, as it aims to be a comprehensive financial platform amid regulatory and market risks. For the quarter, revenue was up 50% year over year to $927 million and net income more than doubled; funded customer accounts grew to 25.8 million, and total platform assets rose to $221 billion, including $25 billion in crypto holdings.