Robinhood has had a very successful quarter. The firm was able to benefit from increased client business and expanded its service offerings, which translated into rapid growth in revenue and profits. The acquisition of cryptocurrency exchange Bitstamp and the launch of tokenization was also a significant step, which may open up entirely new revenue streams.

What is important for investors is that Robinhood $HOOD is building a business on a broader foundation than just trading. Revenue from interest, Gold subscriptions, pensions and new advisory services is growing significantly. The customer base and the volume of assets on the platform continue to expand, while costs remain under control.

How was the last quarter?

Revenue grew 45% year-on-year to $989 million. Transactional revenue was the largest contributor, strengthening by two-thirds. Options, cryptocurrencies and equities in particular grew strongly. Net interest income added a quarter, driven by more assets and securities lending.…