Darius Baruo
Aug 16, 2024 13:26
Robinhood Markets, Inc. (NASDAQ: HOOD) reviews July 2024 working knowledge, highlighting progress in funded prospects, belongings underneath custody, and buying and selling volumes.
Robinhood Markets, Inc. (NASDAQ: HOOD) has launched its working metrics for July 2024, showcasing notable progress in a number of key areas, in line with GlobeNewswire.
Funded Prospects and Property Below Custody
On the finish of July 2024, Robinhood reported having 24.2 million funded prospects, a rise of roughly 70,000 from June 2024 and over a million year-over-year. Property Below Custody (AUC) reached $144.5 billion, marking a 3% rise from June 2024 and a 53% enhance in comparison with the earlier yr. Web deposits for July totaled $4.2 billion, translating to a 36% annualized progress charge relative to June 2024 AUC. Over the previous twelve months, internet deposits amounted to $35.8 billion, reflecting a 38% annual progress charge in comparison with July 2023 AUC.
Buying and selling Volumes and Margin Balances
Fairness notional buying and selling volumes surged to $104.4 billion, up 21% from June 2024 and 51% year-over-year. Choices contracts traded reached 160.5 million, a 22% enhance from the earlier month and a 51% rise year-over-year. Crypto notional buying and selling volumes have been $5.3 billion, reflecting a 23% month-over-month enhance and a 56% year-over-year progress. Margin balances stood at $5.4 billion on the finish of July, an 8% enhance from June 2024 and a 59% rise year-over-year.
Money Sweep Balances and Securities Lending Income
Whole money sweep balances on the finish of July have been $21.8 billion, up 4% from June 2024 and 72% year-over-year. Gold money sweep balances amounted to $21.2 billion, a 4% enhance from June 2024 and a 78% rise year-over-year. Non-gold money sweep balances remained flat month-over-month at $0.6 billion however decreased by 25% year-over-year. Whole securities lending income for July was $21 million, in keeping with June 2024 however up 24% year-over-year.
Every day Common Income Trades (DARTs)
Fairness DARTs have been reported at 2.1 million, a 5% decline from June 2024 however a 24% enhance year-over-year. Choices DARTs remained secure month-over-month at 0.9 million, exhibiting a 29% rise year-over-year. Crypto DARTs stayed unchanged from June 2024 at 0.3 million, reflecting a 50% enhance year-over-year.
For extra detailed definitions and extra info concerning these metrics, please check with Robinhood’s full month-to-month metrics launch out there on their investor relations web site.
About Robinhood
Robinhood Markets, Inc. goals to democratize finance for all. Within the U.S., it provides commission-free buying and selling of U.S. shares, choices, and cryptocurrencies by way of Robinhood Monetary LLC and Robinhood Crypto, LLC. The corporate additionally supplies debit and bank card providers by way of Robinhood Cash, LLC and Robinhood Credit score, Inc. Within the UK and choose jurisdictions within the European Union, Robinhood provides buying and selling providers by way of its subsidiaries.
Picture supply: Shutterstock
