Robinhood Markets Inc. reported strong operating metrics for April 2025, with total platform assets reaching $232.3 billion, marking an 88% increase year-over-year. The company added 120,000 funded accounts in April, bringing the total to 25.9 million, and saw net deposits of $6.8 billion, reflecting a 37% annualized growth rate. Cash sweep balances rose 51% year-over-year to $28.9 billion. Equities trading volume hit an all-time high of $158 billion, a 26% increase month-over-month, while options contracts traded also reached a record 168 million. Robinhood recently acquired Canadian cryptocurrency platform operator WonderFi for nearly $180 million, which adds approximately $1.5 billion in assets under custody (AUC) and 1.75 million users, expanding Robinhood's presence in the crypto market and cross-border trading between the U.S. and Canada. Analysts at Needham raised Robinhood's price target to $71 from $58, maintaining a Buy rating, citing the company's expanding product suite and growing competitiveness in crypto. The WonderFi acquisition is expected to boost Robinhood's revenue by around 10%.