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Robinhood’s Q3 trading revenue jumps 129% YoY, ‘primarily driven by cryptocurrency revenue’

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Robinhood’s Q3 trading revenue jumps 129% YoY, ‘primarily driven by cryptocurrency revenue’

Shares of Robinhood’s stock, ticker HOOD, were up over 4.15% at market close on Wednesday after the U.S.-based brokerage posted third-quarter gains. The firm saw transaction-based revenues jump 129% year-over-year to $730 million, “primarily driven by cryptocurrencies revenue,” according to the earnings report. 

Crypto revenue was up over 300% in Q3 to $268 million. Options revenues, Robinhood’s largest revenue source, were up about 50% to $304 million, while equities trading revenue increased 132% to $86 million. 

“Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines — Prediction Markets and Bitstamp — that are generating approximately $100 million or more in annualized revenues,” Chief Finance Officer Jason Warnick said in a release.

In total, Robinhood’s total revenue came in at $1.27 billion, more than the $1.19 billion expected, while earnings per share came in at $0.61, ahead of estimates around $0.53, according to CNBC projections. 

This is compared to Robinhood’s Q2 gains, which saw crypto trading volume increase 32% year-over-year to $28 billion and transaction-based cryptocurrencies revenue climb 98% to $160 million.

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Meanwhile, the number of funded customers on Robinhood increased by 2.5 million year-over-year to a record 26.8 million in Q3, corresponding with “total platform assets” growing nearly 120% to a record $333 billion.

Of note, Robinhood has been working to increase its footprint in the European market, including through its acquisition of Bitstamp, a deal closed in June that enabled it to roll out crypto perps across the EU, and a partnership with Arbitrum to launch over 400 Stock Tokens mirroring U.S. equities. 

The firm also acquired the Canada-based WonderFi exchange in an all-cash $179 million deal in Q2 2025.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto

Ripple Warns of Crypto Fraud Spike as XRP Users Face Holiday Traps

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Ripple Warns of Crypto Fraud Spike as XRP Users Face Holiday Traps
Ripple is escalating its defenses against a surge of XRP fraud as deepfake-driven scams intensify, spotlighting rising holiday-season risks and the company’s expanding threat-mitigation network that is sharply reducing successful crypto impersonation attacks.
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Scam so convincing victim ignores police, puts thousands into Cryptocurrency ATM

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Scam so convincing victim ignores police, puts thousands into Cryptocurrency ATM

​WESTLAKE, Ohio (WJW) — Police in Westlake said a computer scam artist was so convincing in the story he pitched to an elderly victim that she put thousands of dollars into a Cryptocurrency ATM, even after store employees and officers pleaded with her to stop.

On Nov. 26, police were alerted by an employee at a Marathon convenience store on Center Ridge Road that a 71-year-old woman was feeding a large amount of cash into a Bitcoin ATM, while speaking with someone on her cell phone. The employee warned the woman that it appeared she was the target of a scam, but she refused to listen and kept pumping money into the machine.

On body camera video obtained by Fox 8 News, an officer approached the woman and told her, “We deal with this all the time, stop what you’re doing, I’m telling you, stop. If somebody tells you to do this, you are being scammed.” The woman responded, “They’re on the phone; they can hear everything.” The officer then told her, “Right, and they’re scamming you.”

However, the 71-year-old ignored repeated warnings from officers, after being persuaded by a scammer posing as a bank fraud investigator, that she needed to put $18,000 into the crypto machine, or risk having her life savings stolen from her account.

The officer told her, “Stop what you’re doing, you’re going to lose this money. They’re lying to you; that’s not how it works, I promise you. They’re lying, they don’t tell you to go to a gas station and go buy Bitcoin, I’m telling you, you should stop what you’re doing.”

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Officers eventually convinced the woman to stop putting cash into the ATM, but not before she lost $5,500.

The victim later told investigators the elaborate scam began earlier that day, when she received a pop-up message on her computer, indicating it was infected with a virus. A number was provided to get help, which put her in the clutches of the scam artist.

WPD Captain Jerry Vogel told Fox 8,  “She sees the pop-up, so she knows that there is an issue. Unfortunately, now the scammers use that and say, ‘Hey, it looks like maybe someone has been planting pornography or some other illicit material on your computer, you’re going to be in some trouble if you don’t get this money out of your bank and put it into a crypto machine.”

The scammer told the victim that bank employees would ask her questions about why she was taking out so much money from her account. He even gave her a story to tell, which was that she needed the cash to buy a car.

The woman told detectives, “He said, ‘Do this, do that, go here, go there.’” The final piece of the scam came when the con artist sent a QR code to the victim’s phone, which she used to direct the funds loaded into the ATM to his crypto account.

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“They weave these stories so well that the victims really believe they need to do this immediately,” said Captain Vogel.

While there is no guarantee the victim will be able to recover the money she put into the ATM, detectives were able to use new technology to immediately freeze the crypto wallet being used by the scammer. It’s part of an ongoing battle between law enforcement and cyber criminals.

According to Captain Vogel, “We take one step forward, they take another step forward, so it’s a cat and mouse game.”

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Massive 700M Euro Crypto Operation Unravels With International Raids

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Massive 700M Euro Crypto Operation Unravels With International Raids
European authorities shut down a vast crypto-fraud engine responsible for hundreds of millions in illicit flows, marking a major blow to criminal networks exploiting digital assets and exposing how deeply coordinated scams infiltrated the continent.
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