Robinhood posted a record $1.31 billion in net revenue for the second quarter, marking a 32% increase from a year earlier. Strong performance in prediction markets, options, and equities helped offset a significant decline in cryptocurrency revenue.
The company’s transaction based revenue climbed 44% to $776 million during the quarter, with event contracts standing out as one of its fastest growing business segments.
Revenue from event contracts reached $156 million, more than ten times higher than the same period last year. Trading activity also surged, with the number of event contracts rising more than tenfold to a record 13.6 billion.
Prediction Markets Lead Growth
Robinhood Chairman and Chief Executive Officer Vlad Tenev said prediction markets have expanded steadily since March and believes the momentum will continue. In June, the company launched Rothera, a Commodity Futures Trading Commission licensed exchange and clearinghouse, through its joint venture with Susquehanna International Group. Robinhood said more than 3.5 billion event contracts have already been traded on the platform.
Options trading remained another major revenue driver, generating $342 million, up 29% from a year ago. Equities performed even better, with revenue increasing 95% to $129 million. Equity trading volume reached a record $956 billion, representing an 85% increase compared with the same quarter last year.
Despite these gains, cryptocurrency activity weakened. Crypto revenue declined 38% year over year to $100 million. Total crypto trading volume came in at $40 billion, including $18 billion through the Robinhood app and $22 billion from Bitstamp.
Expanding Global Blockchain Strategy
Robinhood continues to expand its presence in blockchain and digital assets worldwide. During the quarter, it launched the public mainnet for Robinhood Chain, an Ethereum Layer 2 network built for financial services and real world assets. The company also introduced stock tokens for eligible users across more than 120 countries.
In May, Robinhood rolled out Agentic Trading, a platform that allows customers to use AI powered agents to trade equities, options, and cryptocurrencies. Nearly 100,000 users have opened Agentic Trading accounts, with more than $100 million in assets under custody.
The company also strengthened its international expansion by completing its acquisition of WonderFi, a Canadian digital asset products and services platform, marking Robinhood’s official entry into the Canadian market.
Highlighting the company’s long term vision, Tenev said:
“Whether it’s the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner. Broad ownership is essential to a free, stable, and prosperous society.”#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
