Robinhood has set a new high closing price after trading volumes and the number of users on its platform surged. As per reports, during Q1 of 2025, the brokerage experienced a 50% rise in revenue, mainly due to a record-breaking 143% jump in the volume of options trading.
At the time of writing, the Robinhood ($HOOD) price was exchanging hands at $74.88 with a share volume of 66,229,109 and an average volume of 43,688,955. With this, the market valuation of Robinhood has increased to $66.079 billion.
Robinhood’s net deposits in this quarter reached a massive high of $18 billion, the highest amount ever. Moreover, it currently supports 25.8 million funded accounts, among which 3.2 million are subscribers of Robinhood Gold.
The Gold tier unlocks a special feature that its traders can use margin, get higher interest on their cash, and use advanced tools, which has allowed the company to keep and make money from knowledgeable traders.
Additionally, during April, Robinhood users executed more than 4.5 million futures trades, showing a move towards the use of increased trading volume.
While crypto revenue slipped a bit from the last quarter, it has grown twice as much as it was a year ago. The platform also completed buying Bitstamp, one of the world’s top crypto exchanges, strengthening its involvement in digital assets and allowing it to serve customers in more places.
Additionally, the board has decided to do another $500 million share buyback on top of the existing $1 billion share buyback program. The company is still investing in better products, management options, and useful banking tools that encourage people to stay with the app for a long time.
As trading continues to be active in markets like equities, options, and crypto, Robinhood is now being noticed again by retail as well as institutional investors.