Robinhood Reports Record Revenue and SEC Investigation Closure

CEO Vlad Tenev highlights Robinhood's strong financial performance, new product growth, and a favorable regulatory shift under the Trump administration.

• Robinhood achieved its first billion-dollar revenue quarter in 2024, with record net deposits of $50 billion and strong net income profits.
• The SEC has closed its investigation into Robinhood's cryptocurrency operations without pursuing enforcement action, a move praised by the company.
• CEO Vlad Tenev expressed optimism about the current administration’s supportive stance on cryptocurrency and financial services, contrasting it with the previous administration's stricter approach.
• Robinhood's new active trader platform, Robinhood Legend, has reached a $50 million annual revenue run rate, showcasing growth in advanced trading tools.
• Tenev emphasized the importance of tokenization and expanded access to private company stocks, advocating for regulatory changes to connect crypto technology with real-world companies.

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