Robinhood Adds 400K Customers, Reports $190B AUC and $30B Crypto Volume Ahead of Investor Day

Dec 4, 2024, 01:38 PM

Robinhood Markets Inc. reported significant growth in November, adding over 400,000 new funded customers. The company's assets under custody (AUC) reached $190 billion, marking a 15% increase month-over-month and a 100% increase year-over-year. Equity trading volumes hit $145 billion, up 15% from the previous month and 170% from the same period last year. Additionally, crypto trading volumes surged to $30 billion, a 400% increase from the prior month. These figures were released ahead of Robinhood's Investor Day presentation, highlighting the company's robust performance and growth in both traditional and cryptocurrency markets. Furthermore, the company saw $5 billion in net deposits, 150 million option contracts traded, and margin balances of $6.5 billion.