Robinhood Q4 to Q6 fiscal results announcement: cryptocurrency sales increased by 98% to reach 24 billion yen.

## The trading volume of virtual currencies is 4 trillion yen.

On the 30th, Robinhood, which provides investment apps for cryptocurrencies and stocks, announced its financial results for the second quarter of 2025 (April to June). The trading volume of cryptocurrencies increased by 32% compared to the same period last year, reaching 28 billion dollars (about 4.2 trillion yen).

The revenue based on cryptocurrency trading increased by 98% year-on-year to $160 million (approximately ¥24 billion), slightly below analysts' expectations of $162.1 million, but still doubled. The company's chairman and CEO, Vlad Tenev, commented as follows.

In the second quarter, we achieved strong performance driven by an acceleration in product development. We also introduced tokenization. I believe this is the biggest innovation the industry has experienced in the past decade.

Robinhood launched its trading service for "Stock Tokens," which tokenizes over 200 U.S. stocks and ETFs (exchange-traded funds), for users in the EU (European Union) at the end of June.

According to The Block, Robinhood's stock price ended Wednesday's trading up 2.7% at $106.10 per share, with a market capitalization reaching $90 billion (approximately 13 trillion yen).

Regarding the current quarter from July to September, Chief Financial Officer Jason Warnick reported the following.

The third quarter got off to a strong start in July. Customer net deposit balances reached approximately $6 billion (around ¥900 billion), with active trading observed across all categories.

For the April to June period, the diluted earnings per share were $0.42, twice that of the same period last year. Quarterly revenue increased by 45% to $989 million (148 billion yen). According to data from MarketWatch, both figures exceeded analysts' prior expectations.

In addition, the total number of investment accounts increased by 2.6 million (10%) year-on-year, reaching 27.4 million accounts.

In movements related to cryptocurrency, it has also started offering cryptocurrency staking for eligible users in the United States.

What is staking?

A mechanism that allows you to contribute to the management of a specific coin's blockchain network by holding that coin, earning rewards in return. Strictly speaking, it is necessary not only to hold the coin but also to deposit it on the network. It can be likened to the system of saving fiat currency in a bank account and receiving interest after a certain period. Note that staking can be conducted with coins that adopt the PoS (Proof of Stake) consensus algorithm.

In addition, we have completed the acquisition of the cryptocurrency exchange Bitstamp, which has licenses and business registrations in over 50 countries and regions, significantly expanding our business for institutional investors.

A contract was also signed to acquire WonderFi, which operates a cryptocurrency exchange in Canada. This transaction is expected to be completed in late 2025, pending regulatory approval.

Additionally, there are plans to launch a proprietary L2 blockchain for "Stock Tokens," which are tokenized stocks, in the future, and it is currently under development.