Robinhood’s CEO says the firm is diversified from crypto volatile revenue, even when the first quarter gains exceeded expectations

As the Crypt Market recovers from a historical route, Robinhood, the Broken online This offers digital assets, actions and other investments, plans to deepen its other offers, although it is based on the Crypt negotiation volume in recent years.

“It will go up and down in terms of commercial volume gain Call with the shareholders Wednesday, recognizing the volatility of Crypto’s trademark. “We diversify the business outside the Crypt Business, which will make us less trust crypto Transaction volumes. “”

Robinhood On Wednesday, she reported $ 927 million in the first quarter revenue, a slight end withdrawal last year when revenue increased to a million dollars record. The DIP is partly due to the company’s crypt revenue, out of 30%, going from $ 358 million in the last quarter to $ 252 million. Crypt negotiation volume on the Dove Platform of $ 71 billion in fourth quarter to $ 46 billion in the first quarter.

Since the introduction of Crypto in 2018, the class of assets has grown to promote the revenue of Robiniod of substantial portions, which comes mainly from sending the negotiation orders of its customers to external companies called market manufacturers. Crypto’s income, however, have often entered unpredictable waves—In 2021, when the revenue of the novelty Token Doocoin helped Robiniodod’s combination on a fourth record but then drought Months later.

Robiniodood increased revenue last quarter last quarter in President Trump’s election, which Bitcoin sent to a maximum record of $ 109,000 in early January. However, since then, it has fallen to $ 84,000 in the middle of the largest market fall in Trump’s trade war.

While crypto revenue fell since last quarter, Robinhood’s results report exceeded the predictions of analysts waiting for a lower negotiation volume to a greater impact on the company’s income. Robinhood brought a profit by 37 cents, and exceeded the expectations of the 33 -cent analyst, according to data from the Wall Street Journal. The company’s income has also increased by 50% since last year.

In the negotiation after the hours, Robinhood’s actions price has increased almost 2% in the results news.

This story originally presented to Fortune.com

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