Robinhood sees Q4 crypto revenue surge, reflecting growing altcoin retail interest

American financial services company Robinhood's crypto revenue in Q4 2024 surged to $360 million, a nearly 490% increase from the previous quarter, driven by growing interest in altcoins including popular memecoins, The Block reported. Crypto exchange Coinbase's Q4 trading volumes also showed a broadening interest beyond the traditional heavyweights, with Bitcoin accounting for 27%, followed by USDT (15%) and Ethereum (10%). Other tokens made up 48%. Looking ahead, the publication notes that the performance in Q1 2025 will be important to discern whether this trend is a short-lived spike driven by speculative trading or a more enduring shift in retail investor behavior.