Despite Seeing a Surge in Its Crypto Trading Volume Over the Years, Robinhood HOOD Maintains a Rather Limited Presence in the Cryptocurrency Market

That may soon be changing. Citing the crypto-friendly administration of President Donald Trump, Robinhood CFO Jason Warnick revealed that Robinhood is expanding its crypto services

Robinhood (NASDAQ:HOOD) is expanding its cryptocurrency services with plans for tokenization, according to CFO Jason Warnick, speaking at the Goldman Sachs ((NYSE:GS)/FIG Consumer Conference.

This comes as the company saw a surge in its crypto trading volume.

What Happened: Despite seeing a surge in its crypto trading volume over the years, Robinhood maintains a rather limited presence in the cryptocurrency market. At the end of 2024, it was not even one of the top-10 largest centralized exchanges by market share. Rival Coinbase (NASDAQ:COIN) claimed the No. 6 spot with market share of just 6.5%.

That may soon be changing. Citing the crypto-friendly administration of President Donald Trump and the rapid growth in the industry’s trading activity, Warnick hinted at Robinhood's expansion plans in the crypto space.

“We want to be global in crypto and as big as we can be and as fast as we can do it responsibly,” the CFO said.

About Robinhood StockFounded in 2013, Robinhood (NASDAQ:HOOD) provides an electronic trading platform accessible via a mobile app that facilitates commission-free trades of stocks, exchange-traded funds, and cryptocurrencies. The company's mission is to “provide everyone with access to the financial markets, not just the wealthy,” eliminating commissions and minimum account balances.

Valued at a market capitalization of $40.6 billion, HOOD stock is up nearly 30% in the year to date.

Can Robinhood leverage Trump-driven crypto momentum?