Robinhood reports $81.8B in assets under custody as of May end

Robinhood Markets reported selected monthly operating data for May 2023: Net Cumulative Funded Accounts at the end of May were 23.1 million, up approximately 20 thousand from April 2023. While customers placing trades increased in May from April 2023, Monthly Active Users declined to 10.6 million in May, down approximately 900 thousand from April 2023. Assets Under Custody at the end of May were $81.8 billion, up 6% from April 2023. Net Deposits were $1.6 billion in May, translating to a 25% annualized growth rate relative to April 2023 AUC. Over the last twelve months, Net Deposits were $16.5 billion, translating to an annual growth rate of 22% relative to May 2022 AUC. Trading Volumes in May were higher for equities and options and lower for crypto compared to April 2023. Equity Notional Trading Volumes were $49.4 billion. Options Contracts Traded were 97.5 million. Crypto Notional Trading Volumes were $2.1 billion. Margin Balances at the end of May were $3.1 billion, in line with April 2023. Cash Sweep Balances at the end of May were $11.2 billion, up $1.6 billion from the end of April 2023.