May 8 (Reuters) – Online brokerage Robinhood Markets (HOOD.O), opens new tab beat estimates for first-quarter profit on Wednesday, thanks to robust crypto trading volumes and rate hikes that boosted its net interest revenue.
The approval of the first spot bitcoin ETFs in the U.S. in January boosted sentiment towards the crypto industry, which had been bruised by several high-profile collapses over the past two years.
The company however disclosed earlier this week that its U.S. crypto trading arm received a so-called Wells notice from the SEC over tokens traded on its platform.
Source: REUTER
