London Daily

Focus on the big picture.
Saturday, Aug 30, 2025

Dogecoin Accounted for 62% of Robinhood's Q2 $233M Crypto Income

Dogecoin Accounted for 62% of Robinhood's Q2 $233M Crypto Income

Dogecoin (DOGE), has continued to take the top spot in crypto trading activities on Robinhood ever since it made it to the top headlines earlier this year.

Dogecoin (DOGE), has continued to take the top spot in crypto trading activities on Robinhood ever since it made it to the top headlines earlier this year.

In its earnings report, Robinhood pointed out significant increases in its crypto revenue in 2021 Q2 compared to last year’s second quarter. The firm said its digital asset-related figures rose from $5 million in Q2 2020 to about $233 million in Q2 2021.

Robinhood noted that cryptocurrencies accounted for more than half of its revenue in Q2 2021, with a whopping 62% coming from DOGE transactions.

Earlier in July, the company noted in its IPO prospectus that Dogecoin was responsible for about 34% of the crypto revenue in Q1 2021.

Now, the share for DOGE has nearly doubled in Q2, considering that the asset has continued to receive public attention following several endorsements from billionaires like Elon Musk and Mark Cuban in the past few months.

Crypto Interest Is Growing
About 52% of all transaction-based revenue on the platform came from crypto trades and over 60% of its net cumulative funded accounts traded virtual assets in the second quarter of 2021.

Robinhood noted that a substantial number of new users on its platform placed their first trades in crypto rather than equities, suggesting a growing interest in such assets over conventional financial instruments.

Robinhood’s CEO and co-founder, Vlad Tenev, revealed that the company’s crypto products saw a significant level of interest from female investors in the second quarter. He said:

“We’re encouraged by the number of people who are accessing the financial system for the first time through Robinhood… We’re happy to expand access through products like commission-free crypto trading, which saw strong growth this quarter among women investors in particular, and IPO Access, which gives customers an opportunity to invest in companies at their IPO price”

Robinhood Warns on Q3 Trading, $HOOD Drops 11%
The U.S.-based financial services company has enjoyed an immense increase in its revenue, largely because of cryptocurrency trading, as indicated in its earnings report.

This growth has seen its user base soar significantly as more investors continue to troop into the digital asset space in search of alternative investment options.

After several delays in its initial public offering (IPO) filing, which had allegedly been due to intense scrutiny from financial regulators like the U.S. Securities and Exchange Commission (SEC) on its crypto services, the company finally went public on NASDAQ earlier this month.

However, it warned investors in the earnings report that it expects a less impressive Q3 revenue, considering that the trading boom is gradually simmering down.

“For the three months ended September 30, 2021, we expect seasonal headwinds and lower trading activity across the industry to result in lower revenues and considerably fewer new funded accounts than in the prior quarter,” the company said.

Following the warning, Robinhood shares $HOOD dropped by more than 11% in premarket trading.

Source: Dogecoin Accounted for 62% of Robinhood's Q2 $233M Crypto Income – Fintechs.fi

Newsletter

Related Articles

0:00
0:00
Close
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
×