(Reuters) – Robinhood reported a rise in first-quarter profit on Wednesday, helped by robust crypto trading volumes from clients looking to hedge their positions.
The retail trading platform’s net income attributable to common stockholders came in at $336 million, or 37 cents per share, in the three months ended March 31. That compares to a profit of $157 million, or 18 cents per share, a year earlier.
(Reporting by Pritam Biswas in Bengaluru; Editing by)
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