Robinhood Expects New Business Revenue to Surpass Crypto Business, Stock Rallies

Robinhood (HOOD) experienced a surge in overnight trading as the company projected that revenue from its new Rothera Prediction Markets Platform will exceed the revenue generated from its cryptocurrency business. This marks a significant shift in Robinhood's business focus and revenue streams.

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User Discussion

avatarGehlot
07-13
$Robinhood(HOOD)$   $HOOD Is Evolving Into a Full-Service Financial Platform: $HOOD is expanding well beyond its roots as an online brokerage, steadily building a comprehensive financial ecosystem with multiple long-term growth drivers. Key catalysts include: * Tokenized stocks available 24/7 across 120+ countries * Robinhood Chain Layer 2 mainnet now live * Trustee for Trump Accounts, providing $1,000 for eligible children born between 2025 and 2028 * Removal of the PDT rule, eliminating the $25K minimum for active traders * Rapid growth in prediction markets, with 3.9 billion contracts traded in May * International expansion across Canada, the UK, Europe, and Singapore * Perpetual futures trading with up to 10x leverage in Europe * US