Shares of Robinhood Markets (HOOD) rose in intraday trading Thursday as the online brokerage posted record൲ profits and sales ꦺon soaring cryptocurrency trading.

Robinhood reported first-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.18, three times analysts’ estimates compiled by Visible Alpha. Revenue jumped 40% year-over-year to $618 million, also more than forecasts.

The company said transa♎ction-based revenue sk⛄yrocketed 59% to $329 million, “primarily driven by cryptocurrencies revenue,” which soared 232% to $126 million.

Golden Gains

Record-setting prices for gold drove dema🐟nd as well, as Robinhood’s gold subscribers increased 42% to a new high of 1.7 million.

Net deposits also set a record at $11.2 billion. The com👍pany noted that it had “net positive ༒transfers from every major incumbent brokerage firm.”

Funded customers climbe💙d 810,000 to 23.9 m𒁃illion, and average revenue per user (ARPU) added 35% to $104.

Co-founder and 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Vlad Tenev gave a positive outlook for the current quarter, explaining that April was the highest month of the year for net deposits and gold subscriber growth. He also said that said that more than 1 million customers had joined the waitlist for Robinhood's new 澳洲幸运5开奖号码历史查询:gold credit card, ♓which isও for its premium "gold" subscribers and offers 3% cash back

One potential bump in the road is a 澳洲幸运5开奖号码历史查📖询:Securities and Exchange Commission (SEC) investigation into the company’s cryptocurrency business 澳洲幸运5开奖号码历史查询:unveiled this week. Robinhood chief attorney Dan Gallagher argued that the company is not violating any laws, calling the SEC’s case “weak.”

Robinhood shares were up about 1% to $18.04 as of 10:08 a.m. ET Thursday. They have added more than 40% of their value this year.