Robinhood Reports $26 Billion in Crypto Under Custody in Q1 2025: A Milestone for Mainstream Adoption

Robinhood is reporting $26 billion worth of cryptocurrencies under the platform’s custody in Q1 2025. Revenue for Robinhood from crypto grew significantly. In a clear demonstration of the growing influence of crypto in the mainstream financial sector, Robinhood announced a significant milestone with $26 billion in digital assets.

Robinhood's Crypto Holdings Surge

Among the catchy details of the report is its disclosure that it has over $26 billion worth of customer crypto assets in custody. Robinhood has announced a significant milestone with $26 billion in crypto assets under its custody in the first quarter of 2025.

What Cryptocurrencies Does Robinhood Hold?

The $26 billion worth of cryptocurrencies under HOOD’s custody includes a diverse range of digital assets, spanning from Bitcoin and Ethereum to a multitude of altcoins. This diversified portfolio reflects the growing interest in various digital currencies among Robinhood users.

Revenue Boost and Crypto Growth

Robinhood reported a revenue boost for the company, fueled in part by the impressive growth in its crypto offerings. Robinhood is reporting $26 billion worth of cryptocurrencies under the platform’s custody in Q1 2025. Revenue for Robinhood from crypto grew over 230% from last year showing the increasing importance of digital assets to their business model.

Wells Notice and Potential Implications

The Robinhood earnings report came after the online broker disclosed it had received a Wells Notice over crypto trading on its trading platform Monday. While the report highlights significant growth in crypto assets under custody, the Wells Notice introduces an element of uncertainty regarding future regulatory actions and their potential impact on Robinhood's crypto services. Coinbase netted similar regulatory scrutiny, suggesting a broader trend of increased oversight in the crypto space.