Robinhood: Cryptocurrency trading volume reached $35.2 billion in November, an increase of more than 500% month-on-month
PANews December 12 news, according to Globenewswire report, Robinhood Markets released its operating data for November 2024. As of the end of November, the total number of funded accounts on the trading platform was 24.8 million (an increase of about 420,000 from October 2024, and an increase of about 1.5 million year-over-year); the assets under custody were $195 billion (up 22% quarter-over-quarter, up 106% year-over-year). The nominal trading volume of stocks reached $147.1 billion (up 16% quarter-over-quarter, up 178% year-over-year). The trading volume of option contracts reached 155.5 million (down 2% quarter-over-quarter, up 63% year-over-year). The nominal trading volume of cryptocurrencies reached $35.2 billion (up over 500% quarter-over-quarter, up over 700% year-over-year). As of the end of November, the company's financing balance was $6.8 billion, the total cash aggregation balance was $26.5 billion, and the total income from securities lending was $23 million.
