Robinhood (NASDAQ: HOOD) released its May 2024 metrics, showing significant growth in several key areas. The platform reported 24.1 million funded customers, an increase of 120,000 from April 2024 and 960,000 year-over-year. Assets under custody (AUC) rose to $135 billion, marking a 9% month-over-month increase and a 65% year-over-year surge. Despite a 30% drop in crypto trading volume from $10.1 billion in April to $7.1 billion in May, Robinhood's assets under management (AUM) increased by 10% month-over-month. The company also saw a 23% month-over-month rise in equity notional trading volumes to $86.8 billion and a 4% increase in options contracts traded to 131.9 million. In May, Robinhood cut margin rates in half and saw its app rise to the top 200 in the iOS app store after Roaring Kitty posted about GameStop for the first time in three years. Bitcoin hit $71,000 during the same period. Additionally, Robinhood acquired the crypto exchange Bitstamp to expand its global reach and ensure participation in crypto markets despite regulatory challenges.
$HOOD ROBINHOOD MAY METRICS: - 120K net funded accounts (it was 90K last month!!!) - $3.6B net deposits (now 5 straight months of $3B+ deposits) - $4.5B margin book balance (up $400M from last month...mainly due to robinhood cutting margin rates) - $135B Assets Under Custody… https://t.co/pBwevQZFxB
$HOOD (@RobinhoodApp) just released their monthly metrics and crypto trading volume dropped 30% from $10.1B in April to $7.1B in May. I would've expected volume to pump given the speculation around the ETH ETF approval on May 23rd. either way, AUM is up a whopping 10% MoM. https://t.co/wDluK1lMOA
ROBINHOOD $HOOD MAY UPDATE - Funded Customers: 24.1M (+120K M/M, +960K Y/Y) - Assets Under Custody: $135.0 billion (+9% M/M, +65% Y/Y) - Equity Notional Trading Volumes: $86.8B (+23% M/M, +76% Y/Y) - Options Contracts Traded: 131.9M (+4% M/M, +35% Y/Y) - Crypto Notional… https://t.co/0VDgqTERLB
Robinhood $HOOD's May 2024 metrics are out: — Funded Customers: 24.1M, up 120K from April 2024, up 960K YoY. — Assets Under Custody (AUC): $135.0B, up 9% from April 2024, up 65% YoY. Net deposits were $3.6B in May, translating to a 35% annualized growth rate. — Over the last… https://t.co/MCTKmO1J7M
$HOOD (@RobinhoodApp) just released their monthly metrics and crypto trading volume dropped 30% from $10.1B in April to $7.1B in May. I would've expected volumes to pump given the speculation around the ETH ETF approval on May 23rd. either way, AUM is up a whopping 10% MoM.
🔢 While there are many reasons why Robinhood acquired Bitstamp 💸, there’s one that’s particularly important for the company. 🏦 Here’s what @JohannKerbrat, general manager at Robinhood Crypto, said (hint 😶 it has to do with institutions): https://t.co/envggOUr7g https://t.co/gTMdQpctvw
Why Robinhood, a TradFi Hub, Is Growing Its Crypto Business Globally @JohannKerbrat talks about Robinhood's bold crypto strategy on @Unchained_pod: 🔍 Why Robinhood acquired Bitstamp ⚖️ How it navigates crypto regulations 💡 Its plans for integrating TradFi and DeFi… https://t.co/eDTT2aN5mZ
.@JohannKerbrat talks about Robinhood's bold crypto strategy on Unchained: 🔍 Why Robinhood acquired Bitstamp ⚖️ How it navigates crypto regulations 💡 Its plans for integrating TradFi and DeFi https://t.co/JE9JACBAz4
After this morning's Charles Schwab $SCHW outage fiasco, I was able to do what I wanted on Robinhood $HOOD. Thanks @vladtenev Bought 👇: - #BTC at 67,300 - 200 $CLSK shares at 14.4 - $CLSK calls for $25 9/20 @Micro2Macr0 @amitisinvesting $HOOD best platform ngl
Robinhood $HOOD will release their May metrics today, Tuesday https://t.co/e20FEcsL4R
$HOOD continues to look good... https://t.co/FUIX2Dui6u
.@archptnrs says @RobinhoodApp’s agreement to buy crypto exchange @Bitstamp will expand the trading platform’s global reach to ensure participation in crypto markets regardless of @SECGov actions. @willcanny99 reports. https://t.co/6Oy5yJbtrV
$HOOD Robinhood will be releasing their May numbers on Tuesday this week… In May: - $HOOD cut margin rates in half - Roaring Kitty posted about $GME again for the first time in 3 years, Robinhood’s app got to the top 200 in the iOS app store - $BTC Bitcoin hit $71K - $ETH… https://t.co/GgkFPAXxPr
$HOOD Friday: We are prepared for the GameStop frenzy. Sunday: We can only accept orders 20% above or below $27.29. Huh? https://t.co/f6lYdOMQeg