Why Robinhood Markets Stock Blasted Nearly 35% Higher in May

Core Insights - Robinhood Markets experienced significant growth in early 2025, with shares rising nearly 35% in May, driven by a strong earnings report and new ventures in cryptocurrency [1][2] Financial Performance - Net revenue increased by 50% year-over-year to $927 million, with transaction revenue from cryptocurrencies up 100% to $252 million, options revenue up 56% to $240 million, and stocks revenue up 44% to $56 million [4] - Net income surged 114% to $336 million for the quarter [4] Share Repurchase Program - The company announced a substantial increase in its share repurchase program, raising the total authorized amount from $500 million to $1.5 billion [5] Cryptocurrency Ventures - Robinhood is expanding its involvement in cryptocurrency by acquiring Canadian company WonderFi Technologies for approximately $183 million [6] - The acquisition aims to enhance access to crypto trading for Canadians through Robinhood's platform [7] Blockchain Initiatives - The company plans to develop a blockchain-based trading system for European investors to trade U.S. securities, potentially utilizing a digital token-based system [8]