Retail trading platform Robinhood's first-quarter profit more than doubled and beat analysts' estimates on Wednesday, driven by a surge in trading volumes from clients looking to hedge their positions amid choppy markets. The company's transaction-based revenue, or income generated from fees for facilitating trading in options, cryptocurrency and equities, jumped 77 per cent in the quarter. Majority of the gains came from a 100 per cent jump in crypto trading activity as bitcoin remained choppy

Tag-uri: Bitcoin