Robinhood (HOOD) reported select monthly operating data for October. Funded customers at the end of October were 27.1M. Total platform assets at the end of October were $343B. Net deposits were $5.6B in October, or a 20% annualized growth rate relative to September total platform assets. Over the last twelve months, net deposits were $68.7B, or an annual growth rate of 43% relative to October 2024 total platform assets. Equity notional trading volumes were $320.1B. Options contracts traded were 266.7M. Crypto notional trading volumes were $32.5B, including Robinhood App notional trading volumes of $13.9B and Bitstamp notional trading volumes of $18.6B. Margin balances at the end of October were $16.5B. Total cash sweep balances at the end of October were $34.2B, including the impact of record customer net buying. Total securities lending revenue in October was $60M.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- Robinhood joins Gopuff to bring cash to your doorstep, WSJ says
- CME Group price target raised to $313 from $296 at Piper Sandler
- CRCL, HOOD, COIN: Bernstein Sees Stablecoin Market Hitting $4 Trillion by 2035
- Mixed options sentiment in Robinhood with shares down 2.87%
- Midday Fly By: Insurers slip as Senate spending bill lacks ACA extension
