Robinhood Trading Jumps $20 Billion
Volume is exploding on the platform as equity mania takes hold
BREAKING NEWS
Robinhood stock is surging in early trading thanks to a huge jump in trading volume. Traders moved $80.9 billion on the platform in the last month—a 36% jump from January numbers.
WHAT HAPPENED
Retail investors are pouring back into the market. The bull rally is finally trickling down to individual investors as more people buy into the hype. Robinhood customers deposited a net $3.6 billion into Robinhood in February alone—jumping 46% in a single year. Robinhood now has $118 billion in Assets under Custody, meaning the platform added over $15 billion in assets in a single month.
EQUITY CHAMP
Incredibly—Robinhood’s profit drivers weren’t the main force pushing all this activity. Crypto trading volume jumped 10% to $6.5 billion while options contracts rose 12% to just touch $119 million. This means most of the ‘pop’ at Robinhood came from equity trades.
WHY IT MATTERS
After all the meme stock fallout, Robinhood’s success here is a great sign. Traders have a really short memory and folks are just eager to jump back into the market. Of course, this level of retail activity could also be a sign that this rally is topping a little—but there appears to be a lot more positive price action to jump on in the coming months. Investors loved the strength of this turnaround and Robinhood stock jumped over 10% in early trading.