Robinhood Markets, Inc. (NASDAQ: HOOD) has reported a surge in crypto trading volumes and assets under custody for November 2024, marking a significant year-over-year increase. The company’s crypto trading volumes rose over 500% from the previous month and 700% year-over-year. Assets under custody (AUC) reached $195 billion, a 22% increase from October 2024 and a 106% year-over-year growth.
The company’s net deposits for November were $5.6 billion, translating to an annualized growth rate of 42% relative to October’s AUC. Over the past twelve months, net deposits accumulated to $47.4 billion, indicating a 50% annual growth rate compared to November 2023.
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