- Robinhood earned $160M from crypto trading in Q2, which nearly doubled from last year.
- The company gained 2.3 million new funded accounts, growing the total user count to 26.5 million.
- Bitstamp brought global licenses and helped launch token stocks and blockchain tools in Europe.
Robinhood reported a 98% year-over-year rise in second-quarter crypto trading revenue, as total revenue climbed to $989 million, beating Wall Street expectations. Crypto income reached $160 million, doubling from the $81 million recorded during the same quarter last year. Earnings per share (EPS) hit $0.42, exceeding estimates of $0.31 and doubling from the prior year. The platform processed $28.3 billion in crypto trading volume during the quarter, supporting Robinhood’s expanding crypto business and broader international ambitions.
Crypto Growth Fueled by Bitstamp and New Blockchain Launch
The company’s crypto revenue boost followed the $200 million acquisition of crypto exchange Bitstamp in June 2025. This move granted Robinhood access to over 50 global regulatory licenses and enabled operations across 30 European countries. Bitstamp also brought in $7 billion in Q2 notional trading volume, contributing to the company’s growing footprint in crypto.
Robinhood CEO Vlad Tenev announced the launch of Robinhood Chain, a layer-2 blockchain focused on tokenization. The chain will enable users in Europe to trade tokenized U.S. stocks and ETFs. Tenev described tokenization as “the biggest innovation our industry has seen in the past decade,” according to the company’s earnings release.
He said the U.S. focus would be on tokenizing previously inaccessible real-world assets like private shares, venture capital funds, and real estate. These markets, historically reserved for institutional investors, could soon become accessible to retail users.
Tenev said, “Private markets and related real-world assets are opportunities that didn’t exist up until now,” and confirmed that the company is working with regulators to enable this access. Besides this, the company has also launched an entirely regulated stablecoin, USDG, in the European Union and started to offer Bitcoin futures.
Moreover, Robinhood has been ramping up operations in the crypto staking program in the U.S. and European markets and providing stakeholders returns on their digital asset investments.
User Growth and Rising Platform Activity Support Revenue Gains
In the second quarter, Robinhood ramped up its number of users. The number of funded accounts grew by 2.3 million over the last year to 26.5 million, and investment accounts rose to 27.4 million. These were supported by net deposits of $13.8 billion during the quarter, with $6 billion coming into the bank in July alone.
Total platform assets nearly doubled to $279 billion compared to the same period last year. The average revenue per user (ARPU) grew 34% year-over-year to $151. This surge in user activity and account funding contributed to the company’s 45% year-over-year revenue growth, bringing total revenue to $989 million.
Adjusted EPS for the quarter came in at $0.42, doubling from last year and beating Wall Street’s estimate by over 35%. This earnings beat was credited to higher trading volume, crypto product expansion, and wider market engagement.
Related: Robinhood’s 2% Match Drives Ethereum Unstaking Surge
Strategic Moves Show Shift Toward a Hybrid Finance Platform
The tendency to tokenization and work with digital assets is also part of the larger strategy of Robinhood to evolve and place more emphasis on the processes of traditional finance incorporated into the Web3 infrastructure. The announcement of the launch of Robinhood Chain, together with the acquisition of Bitstamp, as well as the release of USDG, is an indication of a roadmap to develop the global crypto-equity hybrid platform.
While crypto revenue growth played a leading role in Q2, Robinhood also expanded its offerings in alternative assets. Tenev said the firm is now focused on breaking regulatory and liquidity barriers that have previously kept retail investors out of private markets. By tokenizing those assets, Robinhood aims to reshape access and unlock retail participation in markets previously limited to accredited investors.
With tokenized stocks, regulated stablecoins, and crypto derivatives now live or in development, Robinhood appears to be building out an ecosystem for 24/7, borderless investing.
