Robinhood’s (Hood) Record Crypto Trading Revenue from the last quarter of 2024 may prove difficult to repeat, according to JPMorgan analyst Kenneth Worthington, who predicts a decrease in digital asset volumes for the first quarter of this year.

Online Trading Platform reports results in the first quarter of the US market close to Wednesday.

The fourth quarter of a staggering 700% increase in cryptocurrency trading revenue was behind a significant leap in Hood’s total transaction -based revenue. However, Worthington sees that Momentum will stop in the first quarter with reference to a decrease in both equity and crypto markets, especially in the latter half of the quarter.

Worthington and Team estimate Robinhood users traded about $ 52 billion in crypto over the quarter, down from $ 71 billion in the 4th quarter. Worthington attributes the fall to a “risk -off” environment that deleted much of the market’s winnings since the beginning of the year. Robinhood’s assets under custody (AUC) are expected to fall 5% from the previous quarter to $ 183.3 billion, however, still 41% year-over-years increased.

While the report highlights strong retail purchases in early April after customs -related news from Washington, Worthington suggests that activity may not be enough to lift the results in the first quarter. He warns that the softer demand for trading in margins and derivatives – also seen by competitor interactive brokers – could weigh on Robinhood’s overall performance.

Worthington maintained a neutral rating on the stock and trimmed its price target by $ 1 to $ 44, which suggested approx. 10% Disadvantage of the current price just under $ 49.

Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.