Trade transfer increases Robujn Crypt’s revenue 700%

Cripto and stock market market leading to presidential elections still helped the float Slavewealth in the fourth quarter.

Results Published after closed markets on Wednesday (12. February) He noticed that the bills increased by 10% to 26.2 million.

And Based on a transaction Top lines in the period in the same period in the same period increased from $ 672 million in the same period, and 111% leap from the third quarter.

Within this item of the revenue line, $ 358 million is related to Crypto based on Revenues, which was 700% higher than the fourth quarter last year.

During Call Video Side Welfare, CEO Vlad Tenev He said that the company first forwarded the billion dollar revenue and said during the presentation that gold subscribers were 2.6 million, which increased by 1.2 million years during the year. Net deposits of about 50.5 billion USD were 49% in duration 12-monthly Basics.

“Maybe the thing she’s most excited to me,” said the General Manager, “If you look at Net new accounts funded in K4, those new customers who joined … over 30% adopted gold.”

CFO Jason Varnick He said it was more than doubling of revenues during the year during the year helped the profitability of the plant; The company’s net income in the amount of $ 0.37 increased above $ 0.03 in the fourth quarter of last year.

Stock has increased 12% in After the power Trading.

Forward thinking

Later in the presentation, Tenev said “At the front of the wallet, we grow gold card of Robinhood of about 100,000 holes today two multiple that size. … We also invest in a wacking wallet, which is a separate application and that is ours non-detention CRIPTO Wallet. And that is the passage to thousands of additional coins for our customers, “he said.

Later, it remarked that, in connection with Tokenization, the company is “uniquely positioned at the crossroads of traditional finances and definitely one of the few players who have a scales and in traditional financial assets and crypticals to us brings real assets on crippt technology and giving people access Real-World Production funds using the crypto rail. “These assets would include capital and private investments, he said.

During the question and answer session, Tenev stated that the demand for gold card came in the middle 3% refund, and digital characteristics inherent in the virtual card itself.

The company also examines offering a wider range of credit products, Tenev said, which would “cover a wide range of needs for borrowing customer”. As Tenev told analysts, “andout It should accelerate us more products, more functions, further wallet shares and put us into a position where I think it is relatively few companies … to enter 84+ dollars of property that will flow to younger generations in the next few years decades. “

When asked later in the invitation of the general crypto environment, Tenev claimed that “More prescribed clarity is required – and over More domains. We add more assets, but … I think the true power of crypto technology is when it can be applied to Real-World Production agents that would be under the security mode. So, we still need a comprehensive set of rules and regulations for listing securities CRIPTO assert that will allow us to to tokenize private companies, as well as public securities. “