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Robinhood Reported Cryptocurrency Trading Volumes Up 95% in January to $3.7 Billion

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Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD), the financial services platform that pioneered commission-free stock trading, reported selected monthly operating data for January 2023.

According to Robinhood official statement: 

  • Assets Under Custody (AUC) totaled $74.7 billion at the end of January, representing a 20% increase from the end of December 2022. Net Deposits reached $1.4 billion in January, reflecting a 27% annualized growth rate compared to December 2022 AUC. Over the past twelve months, Net Deposits reached $16.9 billion, indicating an annual growth rate of 19% in relation to the AUC from January 2022.
  • Notional Trading Volumes were higher in January for equities, options, and crypto from December 2022. Notional Trading Volumes is the primary driver of transaction revenues. Equities experienced a 19% increase, reaching $46.0 billion. Option contracts were 82.9 million, up 10%. Cryptocurrencies had a significant increase of 95%, totaling $3.7 billion.
  • Monthly Active Users (MAU) at the end of January were 12 million, up 600,000 from December.
Screenshot https://investors.robinhood.com/news/news-details/2023/Robinhood-Markets-Inc.-Reports-January-2023-Operating-Data/default.aspx
Robinhood Cryptocurrency
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