Robinhood’s fundamental transformation over the past two years has been nothing short of remarkable. Crypto is driving strong revenue growth at 50% YoY in Q1, while TTM operating margin is approaching 40% after being at (72%) at the start of 2023. Robinhood was an initial trailblazer in zero-commission trading, yet the company arguably made one of its most significant moves at the end of June with the launch of Stock Tokens. The tokenization of assets marks an entry into a market that wil...
