Robinhood reported a 28% rise in Crypto Assets volume year-over-year to $46 billion in the first quarter, although it declined from the fourth quarter. Nevertheless, its annual Crypto Assets trading volume reached $141 billion, peaking at $70 billion in the last quarter of the previous year. While transaction fee revenue grew by 77% to $583 million, Crypto Assets-related revenue increased by 100% year-over-year to $252 million. Earnings per share in the first quarter were $0.37, which is 10% higher than the same period last year. However, due to uncertainties in U.S. fiscal policy leading to a decline in March trading volume, JPMorgan analysts lowered their volume expectations. Despite this, Robinhood saw a return to growth in February and plans to buy back more shares to reward shareholders.

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