On September 12th, Robinhood is committed to becoming a heavyweight in the cryptocurrency space. Robinhood is strengthening its crypto team, has launched crypto trading services in the European Union, and acquired exchange Bitstamp for $200 million. These efforts will drive Robinhood's operating income to about $900 million in 2024 and its market cap to between $19 billion and $23 billion in 2025, Bernstein analysts wrote in a report Wednesday. Robinhood is on track to achieve $3.40 billion in revenue in 2025. Bernstein said the company has seen tailwinds including demographic trends, with about 60 percent of Robinhood's assets coming from customers under the age of 43. Over the past decade, millennials have generated about 1 per cent of US household wealth, a figure that has risen to about 10 per cent as Robinhood has expanded its offering of cryptocurrencies, stocks, derivatives and savings products to younger people.