Robinhood reports February assets under custody $118.7B

Robinhood reported selected monthly operating data for February: Funded customers at the end of February were 23.6M, up approximately 130,000 from January. Assets under custody, or AUC, at the end of February were $118.7B, up 16% from January. Net Deposits were $3.6B in February, translating to a 42% annualized growth rate relative to January AUC. Over the last twelve months, net deposits were $21.6B, translating to an annual growth rate of 29% relative to February 2023 AUC. Trading volumes in February were higher across all asset classes relative to January. Equity notional trading volumes were $80.9B. Options contracts traded were 119.1M. Crypto notional trading volumes were $6.5B. Margin balances at the end of February were $3.8B, up 6% from the end of January. Total cash sweep balances at the end of February were $18.1B, up $1.3B or 8% from the end of January. Total securities lending revenue in February was $13M, up 8% from January.