Odaily Planet Daily News Robinhood is strengthening its crypto team, launching crypto trading services in the European Union and acquiring cryptocurrency exchange Bitstamp for $200 million. Bernstein analysts wrote in a report on Wednesday that these moves will drive Robinhood's operating income to about $900 million in 2024 and a market value of $19 billion to $23 billion by 2025. Analysts estimate that Robinhood's revenue is expected to reach $3.4 billion by 2025. The company has seen favorable factors including demographic trends. About 60% of Robinhood's assets come from customers under the age of 43. In 2010, millennials created about 1% of U.S. household wealth. As Robinhood increases its offering of cryptocurrencies, stocks, derivatives and savings products to younger groups, this figure has risen to about 10%. In the second quarter, cryptocurrency's share of Robinhood's trading revenue jumped to $81 million, up 161% from the same period last year. (DL News)