March 14, 2024 (Globalinvestorideas.com Newswire) Bitcoin/Crypto Stock News Bites – Robinhood Markets, Inc. (NASDAQ: HOOD) reported selected monthly operating data for February 2024:
The stock is trading up this morning, trading at $18.45, up $1.29 or 7.52%. The stock had a morning high of $19.22.
Funded Customers at the end of February were 23.6 million, up approximately 130 thousand from January 2024.
Assets Under Custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024. Net Deposits were $3.6 billion in February, translating to a 42% annualized growth rate relative to January 2024 AUC. Over the last twelve months, Net Deposits were $21.6 billion, 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 2024. Equity Notional Trading Volumes were $80.9 billion (up 36%). Options Contracts Traded were 119.1 million (up 12%). Crypto Notional Trading Volumes were $6.5 billion (up 10%).
Margin Balances at the end of February were $3.8 billion, up 6% from the end of January 2024.
Total Cash Sweep Balances at the end of February were $18.1 billion, up $1.3 billion or 8% from the end of January 2024.
Total Securities Lending Revenue in February was $13 million, up 8% from January 2024.
Read the company’s full news and disclaimer here:
https://finance.yahoo.com/news/robinhood-markets-inc-reports-february-200500600.html
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