Robinhood reports $26 billion worth of cryptocurrencies under custody in Q1 2024.
Robinhood reported a significant increase in the value of cryptocurrencies under custody in the first quarter of 2024, reaching $26.2 billion. This figure represents a notable 78% jump from the end of 2023. The surge in crypto assets under custody is part of a broader trend in the cryptocurrency market, which has seen a "monster" crypto cycle driving transaction-based revenue up 59% year-over-year to $329 million. The increase in crypto-related...
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