Popular retail trading app, Robinhood (NASDAQ:HOOD), has revealed crypto trading surged in popularity on the platform and now represents 41% of its revenue.
According to its second-quarter financial results published Aug. 18, the firm generated $233 million from crypto trading services for the quarter, up from $5 million for the entirety of 2020. More than 60% of funded Robinhood accounts traded digital assets during Q2 2021.