Monday, June 24, 2024

Robinhood Posts Flat AUC as Crypto Buying and selling Surges by 60% in November

by Jeremy

The month-to-month lively customers
and belongings underneath custody (AUC) at Robinhood, a significant US commission-free inventory
buying and selling and investing utility supplier, returned flat final month, the agency
reported in its November 2022 working knowledge revealed on Wednesday.

In October, the month-to-month
lively customers (MAU) of the platform stood at 12.5 million customers, the identical as
in October. Nonetheless, in comparison with the identical interval in November 2021, the platform’s
MAU has decreased by -33% from 18.6 million.

Moreover, when it comes to
person development, the online cumulative funded accounts (NCFA) on Robinhood steadied at
23 million, an 0.4% improve from 22.9 million final month. On a year-on-year
(YoY) foundation, this represents a tiny 1% development.

As well as, the inventory
buying and selling and investing app’s AUC stay static at $70.2 billion in each months,
which represents a -35% decline from the $107.5 billion recorded in the identical
interval final yr.

Take a look at the latest Finance Magnates London Summit 2022 session about buying and selling in a digital world

Crypto Buying and selling Progress

Regardless of these figures,
Robinhood recorded vital development in its complete crypto buying and selling for
November. The amount improved from $3.5 billion in October to $5.7 billion final
month, representing a 60% improve.

It is a sharp flip
from its October efficiency when crypto buying and selling quantity collapsed
by -80%
. Nonetheless, in comparison with
the $14.9 billion generated in November 2021, its cryptocurrency buying and selling quantity for
final month additionally sank -62%.

In contrast to cryptocurrency,
buying and selling in equities on Robinhood fell by -4% from $46.7 billion in October to
$44.7 billion final month. This determine is a far cry from the $96.9 billion
posted in the identical month final yr, that means that fairness quantity tanked by
-54%.

Then again,
buying and selling in choices contracts improved barely by 4%, rising from 78.7 million
contracts two months in the past to 81.8 million contracts in November. Nonetheless, simply
just like the agency’s cryptocurrency and equities buying and selling volumes, this determine
represents a pointy departure (28% decline) from the 113 million choices
contracts traded in November 2021.

With the numerous MoM
development within the cryptocurrency buying and selling quantity on Robinhood, the day by day common
income trades (DARTs) from cryptocurrency shot up by 40% to $0.3 million, down
by -37% from the $0.5 million generated throughout the identical interval within the prior
yr.

In the meantime, in early
November, Robinhood’s shares plunged
to a 2-week low
in its steepest one-day
decline. The occasion was triggered by the
collapse
of the once-beloved
cryptocurrency alternate FTX’s collapse.

The month-to-month lively customers
and belongings underneath custody (AUC) at Robinhood, a significant US commission-free inventory
buying and selling and investing utility supplier, returned flat final month, the agency
reported in its November 2022 working knowledge revealed on Wednesday.

In October, the month-to-month
lively customers (MAU) of the platform stood at 12.5 million customers, the identical as
in October. Nonetheless, in comparison with the identical interval in November 2021, the platform’s
MAU has decreased by -33% from 18.6 million.

Moreover, when it comes to
person development, the online cumulative funded accounts (NCFA) on Robinhood steadied at
23 million, an 0.4% improve from 22.9 million final month. On a year-on-year
(YoY) foundation, this represents a tiny 1% development.

As well as, the inventory
buying and selling and investing app’s AUC stay static at $70.2 billion in each months,
which represents a -35% decline from the $107.5 billion recorded in the identical
interval final yr.

Take a look at the latest Finance Magnates London Summit 2022 session about buying and selling in a digital world

Crypto Buying and selling Progress

Regardless of these figures,
Robinhood recorded vital development in its complete crypto buying and selling for
November. The amount improved from $3.5 billion in October to $5.7 billion final
month, representing a 60% improve.

It is a sharp flip
from its October efficiency when crypto buying and selling quantity collapsed
by -80%
. Nonetheless, in comparison with
the $14.9 billion generated in November 2021, its cryptocurrency buying and selling quantity for
final month additionally sank -62%.

In contrast to cryptocurrency,
buying and selling in equities on Robinhood fell by -4% from $46.7 billion in October to
$44.7 billion final month. This determine is a far cry from the $96.9 billion
posted in the identical month final yr, that means that fairness quantity tanked by
-54%.

Then again,
buying and selling in choices contracts improved barely by 4%, rising from 78.7 million
contracts two months in the past to 81.8 million contracts in November. Nonetheless, simply
just like the agency’s cryptocurrency and equities buying and selling volumes, this determine
represents a pointy departure (28% decline) from the 113 million choices
contracts traded in November 2021.

With the numerous MoM
development within the cryptocurrency buying and selling quantity on Robinhood, the day by day common
income trades (DARTs) from cryptocurrency shot up by 40% to $0.3 million, down
by -37% from the $0.5 million generated throughout the identical interval within the prior
yr.

In the meantime, in early
November, Robinhood’s shares plunged
to a 2-week low
in its steepest one-day
decline. The occasion was triggered by the
collapse
of the once-beloved
cryptocurrency alternate FTX’s collapse.

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