Summary
Shares of Robinhood rose over 11% in premarket trading after reporting increased trading volumes in February. Equity trading volume jumped 36% to $80.9 billion, options contracts traded increased 12% to $119.1 million, and crypto volumes grew 10% to $6.5 billion. Total assets under custody rose 16% to $118.7 billion by the end of February.
Key Points
1. Shares of Robinhood rose over 11% in premarket trading on Thursday after reporting a large increase in volumes during February.
2. Trading activity increased across all asset classes compared with January, with equity trading volume jumping 36% to $80.9 billion, options contracts traded increasing 12% to $119.1 million, and crypto volumes growing 10% to $6.5 billion.
3. Total assets under custody rose 16% from January to $118.7 billion at the end of February.