Robinhood (HOOD) reported select monthly operating data for November. Funded customers at the end of November were 24.8M. Assets under custody at the end of November were $195B. Net Deposits were $5.6B in November. Over the last twelve months, net deposits were $47.4B, translating to an annual growth rate of 50% relative to November 2023 AUC. Equity notional trading volumes were $147.1B. Options contracts traded were 155.5M. Crypto notional trading volumes were $35.2B. Margin balances at the end of November were $6.8B. Total cash sweep balances at the end of November were $26.5B. Total securities lending revenue in November was $23M.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- Exchange-Traded Funds Now Hold More Bitcoin (BTC) than Satoshi Nakamoto
- Robinhood (HOOD) vs. Coinbase (COIN): A Tale of Two Rebels
- Omnicom to acquire Interpublic, China to investigate Nvidia: Morning Buzz
- AMD downgraded, PayPal upgraded: Wall Street’s top analyst calls
- Robinhood price target raised to $52 from $40 at Needham