Robinhood Releases February Operating Data, Crypto Trading Volume Surges 74%

BlockBeats News, March 16th, according to Robinhood Markets, Inc. (HOOD) Monthly Operations Report, in February, the platform's funded accounts reached 27.4 million, a 7% year-on-year increase; platform total assets were $314 billion, a 68% year-on-year increase; net deposits were $5.6 billion, with an annualized growth rate of 21%. In terms of trading volume, stock trading volume was $194.4 billion (up 36% year-on-year), options contracts were 180.3 million (up 9% year-on-year), and cryptocurrency trading volume was $25 billion (up 74% year-on-year). Furthermore, the margin balance was $17.2 billion, a 98% year-on-year increase; securities lending revenue was $25 million, a 14% year-on-year increase.