Matthew O'Neill's questions to Robinhood Markets Inc (HOOD) leadership • Q1 2025
Question
Matthew O'Neill from FT Partners asked for an update on crypto pricing, specifically regarding the ongoing experimentation with take rates and volume-based pricing tiers.
Answer
CFO Jason Warnick stated that crypto take rates in April were in a similar zone to Q1. He identified tiered pricing as the big opportunity, allowing Robinhood to offer a better price to the highest volume traders to attract volume that may not be on the platform today. He clarified that they are still early in these experiments.