Beautiful Virgin Islands

Saturday, Jul 26, 2025

Dogecoin Stands For 34% of Robinhood’s $88 Billion Crypto Revenue

Dogecoin Stands For 34% of Robinhood’s $88 Billion Crypto Revenue

The popular meme token, Dogecoin, has passed Bitcoin, Ethereum, and Litecoin in terms of trading volume on Robinhood, was revealed during Robinhood's IPO filing.

Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin.

Dogecoin on Robinhood

Dogecoin attracted the world’s attention earlier this year following countless interactions by one of the most influential people – Elon Musk. His constant engagements were followed by other celebrities, global brands, and companies wishing to take advantage of the craze.

Somewhat expectedly, retail investors were not far behind. The Google searches with the name of the Shiba Inu-inspired meme coin exploded earlier this year. Further confirmation of retail investors’ appetite came from Robinhood – one of the most utilized trading platforms from such users.

After highlighting the increase of revenue coming from crypto traders in its IPO filing on Thursday, the company noted that a “substantial portion” of the growth is “attributable to transactions in Dogecoin.”

“If demand for transactions in Dogecoin declines and is not replaced by new demand for other cryptocurrencies available for trading on our platform, our business, financial condition, and results of operations could be adversely affected.” – Robinhood warned.

It’s worth noting that the company offers seven cryptocurrencies, including BTC, ETH, and LTC. However, transacting with DOGE accounted for 34% of digital asset trading.

Overall, the total revenue related to cryptocurrencies skyrocketed by more than 300% year-over-year, from $128 million to $522 million.

Robinhood & IPO Attempts


Following its recent growth, the firm outlined plans to become a publicly-traded company through an IPO. However, it delayed its intentions earlier in 2021, following the controversy that emerged from the GameStop saga.

They ended up postponing again later, cryptocurrencies received the blame. The SEC purportedly contacted Robinhood’s officials to examine the rapidly growing digital asset business.

Nevertheless, it seems the firm has resolved its regulatory hurdles, at least according to the most recent filing with the Commission.

As of March 31, Robinhood has also expanded its coverage to 46 states and Washington D.C. The company also supports real-time market data for 10 cryptocurrencies, which is available to all customers. The company further declared:

“In the first quarter of 2021 alone, we saw over 9.5 million customers trade approximately $88 billion of cryptocurrency on our platform, and we held approximately $12 billion in cryptocurrency Assets Under Custody as of March 31, 2021, a 23-fold increase from March 31, 2020.”

Source: Dogecoin Stands For 34% of Robinhood’s $88 Billion Crypto Revenue – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
×