Robinhood’s October Volumes Surge YoY: Equity Up 149%, Crypto Up 143%
Robinhood Markets has released its operating data for October 2024, highlighting solid growth in customer engagement and assets.
The trading platform ended October with 24.4 million funded customers, an increase of approximately 90,000 from September and over one million year-over-year.
Robinhood metrics also up MoM: Equity (48%) and Crypto (51%)
This growth is accompanied by substantial gains in Assets Under Custody (AUC), which reached $159.7 billion, up 5% from September and 89% from October 2023.
Net Deposits totaled $5.2 billion in October, translating to a 41% annualized growth rate relative to September’s AUC. Over the past year, net deposits amounted to $43.2 billion, reflecting a 51% growth rate from October…
