Friday, May 30, 2025

Latest

Robinhood Reports August Metrics: Trading Jumped, Users Plateaued, Crypto Declined

Robinhood Markets, Inc. (Nasdaq: HOOD) announced its operating data for August 2022 on Monday after the bell. The retail exchange saw its net cumulative funded accounts and monthly active users plateau vis-a-vis its July counterparts.

Net cumulative funded accounts for the month came in a 22.9 million, unchanged from July and a marginal increase from August 2021’s 22.4 million. Monthly active users came practically unchanged at 13.3 million compared to July’s 13.2 million, but a decline from 18.7 million in the year-ago period.

However, the company saw the volume of its traded products jump from a month ago: equity trading ending at US$66.0 billion from last month’s US$48.8 billion and options contract trade volume came in at 89.9 million versus last month’s 67.0 million. Both traded products still recorded drops from its year-ago counterparts at US$73.3 billion and 95.4 million, respectively.

But, crypto trading, which recorded the biggest year-on-year drop in July, still recorded the largest annual decline–ending at US$5.3 billion in August 2022 from US$21.8 billion in August 2021. It is also the only traded product that recorded a monthly sequential decline coming from its July 2022 number at US$5.5 billion.

Read: Robinhood Posts Weak July 2022 Operating Metrics, Yet Betting Against the Stock Seems Wrong

Following the release, the firm jumped 3.9% in after-trading hours.

Assets under custody also dropped to US$71.0 billion from US$74.6 billion in July and US$103.5 billion in August 2021.

At the tail-end of August 2022, the trading platform was reported to be one of the firms the Cboe Global Markets, Inc. (Cboe: CBOE) is eyeing as a potential equity partner for its recently acquired digital asset exchange ErisX, later to be renamed Cboe Digital.

Robinhood last traded at US$10.59 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Robinhood Launches 24-Hour Weekday Trading

Beginning May 16, Robinhood (NASDAQ: HOOD) will start rolling out 24-hour trading of “43 of...

Thursday, May 11, 2023, 03:40:00 PM

The Economy That Cried Wolf (Of Wall Street)

(title card concept stolen from Martin Scorsese and Jesse Hawken) This past March, when the...

Saturday, January 30, 2021, 08:30:00 AM

Robinhood Slapped with Class Action Lawsuit Over Backdoor Commission Fees

As Robinhood’s fall from grace continues, it appears that the popular trading app has been...

Sunday, December 27, 2020, 03:37:00 PM

Robinhood Working on Paycheck Early Deposit Feature

In yet another effort to provide all the tools necessary for Americans to liquidate any...

Thursday, September 2, 2021, 11:48:00 AM

Buffett Shuns Bitcoin Anew: “It Isn’t Going To Do Anything”

Speaking at the annual Berkshire Hathaway (NYSE: BRK.A) shareholder meeting, Chairman and CEO Warren Buffett...

Monday, May 2, 2022, 10:14:00 AM