FinTech Giant's Profits Soar on Crypto Trading Surge
HOODRobinhood(HOOD) Prnewswire·2024-05-15 21:33

FN Media Group Presents StreetSignals.com Market Commentary NEW YORK, May 15, 2024 /PRNewswire/ -- Robinhood (NASDAQ:HOOD) reported a significant earnings beat for the first quarter, driven by a surge in crypto trading volumes and increased net interest revenue due to rate hikes. The positive momentum in the crypto sector was further bolstered by the US approval of the first spot bitcoin ETFs in January, revitalizing industry sentiment after several high-profile setbacks in recent years. Other FinTech compa ...