April 30 (Reuters) - Robinhood reported a rise

in first-quarter profit on Wednesday, as the retail trading

platform benefited from robust trading volumes from clients

looking to hedge their positions amid choppy markets.

The company's transaction-based revenue, or income generated

from fees for facilitating trading in options, cryptocurrency

and equities, jumped 77% in the quarter.

Net income attributable to common stockholders came in at

$336 million, or 37 cents per share, in the three months ended

March 31. That compares to a profit of $157 million, or 18 cents

per share, a year earlier.