Bernstein: Robinhood's market value is expected to rise by 35% this year

ChainCatcher news, according to DL News, Robinhood is committed to becoming a heavyweight in the cryptocurrency space. Robinhood is strengthening its crypto team, has launched crypto trading services in the EU, and acquired the exchange Bitstamp for $200 million.

Bernstein analysts wrote in a report on Wednesday that these efforts will drive Robinhood's revenue to approximately $900 million in 2024, with its market value reaching between $19 billion and $23 billion by 2025. Robinhood is expected to achieve $3.4 billion in revenue by 2025. Bernstein noted that the company has already seen tailwinds, including demographic trends, with about 60% of Robinhood's assets coming from customers under the age of 43.

Over the past 10 years, millennials have created about 1% of U.S. household wealth. As Robinhood increases its offerings of cryptocurrencies, stocks, derivatives, and savings products to younger demographics, this figure has risen to about 10%.