Robinhood Reports Return of Retail Traders, Surge in Crypto Trading

Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue.Robinhood’s profit for the first quarter stood at $157 million or 18 cents per share, surpassing expectations of 6 cents per share, Reuters reported Wednesday (May 8), citing data from LSEG.This also marked an improvement from the same period last year, when the company reported a loss of $511 million or 57 cents per share, according to ...