“Robinhood has set aggressive goals to start opening its crypto platform up to customers internationally in 2022.” cryptocurrency bitcoin $BTC
Robinhood to Launch Crypto Trading Internationally — Sees 'Immense Potential' in Crypto Economy
Robinhood has “set aggressive goals to start opening its crypto platform up to customers internationally in 2022,” the popular trading platform revealed during its Q4 earnings call. “The company believes in the immense potential of the crypto economy and sees a big opportunity in serving customers across the globe.”Robinhood Markets Inc. released its fourth quarter and full year 2021 results Thursday.
The company’s total net revenues for the quarter increased 14% from the same period in 2020 to $363 million. For the year, the total net revenues increased 89% to $1.82 billion from the previous year. The trading platform’s transaction-based revenues, which include revenues from cryptocurrency trading, were $264 million in Q4 and $1.40 billion in 2021.
The company also reported that the “average revenues per user for the quarter decreased 39% to $64 on an annualized basis, compared with $106 in the fourth quarter of 2020.” The ARPU for the year decreased 5% to $103, compared with $109 for the previous year.Robinhood has set aggressive goals to start opening its crypto platform up to customers internationally in 2022.
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