Robinhood Markets (HOOD) surges ahead by 15% Thursday morning, continuing gains since the brokerage platform posted its fourth quarter earnings beat on Wednesday. Revenue tied to crypto trading is one factor contributing to this ride higher as Robinhood reported $358 million in crypto revenue, above expectations for $329.7 million, jumping by 700% year-over-year.
The Morning Brief’s Brad Smith and Madison Mills highlight this aspect of Robinhood’s latest release.
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This post was written by Luke Carberry Mogan.
