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Robinhood's Crypto Strategy and Revenue Growth in 2024

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Robinhood is pushing hard in the crypto space, focusing on value investing in crypto and expanding tokenization strategies to challenge Coinbase. The firm reported a 58% revenue increase in 2024, with Q3 revenue hitting $3.19 billion. Crypto trading makes up 21% of year-to-date revenue, while Kalshi and Robinhood Gold add new income. The company is integrating tokenized assets and DeFi, partnering with Arbitrum and acquiring Bitstamp. It plans to grow its wallet and API services, aiming to become a key on-ramp for retail traders. Support and resistance levels in crypto markets are now central to its strategy.
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