News 
Coin Information 
About us 
Robinhood has revealed plans of expanding its crypto trading service internationally this year. The company wants to serve crypto investors across the globe as it sees huge potential in the global crypto market.
Robinhood, the company known for providing commission-free stocks, ETF, and crypto trading services via its mobile app, just recently fourth quarter and full-year 2021 results. Aside from revealing its financial performance last year, the company also revealed its plans for the year ahead, which include the expansion of its crypto platform overseas.
“Robinhood has set aggressive goals to start opening its crypto platform up to customers internationally in 2022,” the company said in a press release. “The company believes in the immense potential of the crypto economy and sees a big opportunity in serving customers across the globe.”
Meanwhile, Robinhood reported a 14 percent year-over-year increase for its total net revenues Q4 2021 to $363 million. The company’s total net revenues for 2021 rose by 89 percent to $1.82 billion.
Transaction-based revenues, which include revenues derived from crypto trading, reached $264 million for the fourth quarter of 2021, a 12 percent increase from the $235 million reported for the fourth quarter of 2020. Total revenue for 2021 soared to $1.40 billion, a 95 percent increase from 2020’s $720 million.
“Cryptocurrencies for the quarter increased 304% to $48 million, compared to $12 million in the fourth quarter of 2020, and for the year increased to $419 million, compared with $27 million for the year ended December 31, 2020,” Robinhood added.
The platform also reported a 48 percent increase to 17.3 million Monthly Active Users (MAU) as of December 2021 from the previous year’s 11.7 million. However, Robinhood reported that the “average revenues per user (ARPU) for the quarter decreased 39% to $64 on an annualized basis, compared with $106 in the fourth quarter of 2020.”
“The decrease was primarily related to lower trading volumes per user for options and equities and lower interest earnings per user from securities lending due to declines in market rates earned on loaned securities, partially offset by higher trading volumes per user for cryptocurrencies,” the company explained.
Comment 22