Robinhood reports April assets under custody $123.3B

Robinhood reported select monthly operating data for April. Funded Customers at the end of April were 24M, up approximately 90 thousand from March. Assets under custody at the end of April were $123.3B, down 5% from March. Net deposits were $4.9B in April, translating to a 45% annualized growth rate relative to March AUC. Over the last twelve months, net deposits were $27.4B, translating to an annual growth rate of 35% relative to April 2023 AUC. Trading volumes in April were higher for options and lower for equities and crypto relative to March. Equity notional trading volumes were $70.7B. Options contracts traded were 126.6M. Crypto notional trading volumes were $10.1B. Margin balances at the end of April were $4.1B, unchanged from the end of March. Total cash sweep balances at the end of April were $19.1B, up $0.1B or 1% from the end of March. Total securities lending revenue in April was $21M, up 24% from March.