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Why Robinhood Markets Stock Is Rallying Thursday

Roboinhood shares are rising Thursday after the company reported better-than-expected financial results for the first quarter. Total revenue was up 40% on a year-over-year basis. Transaction-based revenue was up 59% year-over-year to $329 million, primarily driven by cryptocurrency revenue of $126 million, which was up 232% year-over-year.

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