Robinhood surges 11% on strong trading volume growth - Breaking The News

Robinhood surges 11% on strong trading volume growth

14 March

1 min read

EPA-EFE/PETER FOLEY

Shares of Robinhood (HOOD) increased 11% on Thursday premarket, following the announcement of significant growth in trading volumes during February.

The online trading platform reported that trading volumes surged to $80.9 billion, marking a 36% increase from January and a 41% rise compared to February 2023. Notably, crypto trading volumes also showed impressive growth, totaling $6.5 billion for the month, which is a 10% increase from January and an astounding 86% jump from the same period last year.

At 4:44 am ET, Robinhood shares were trading up 11.13%, selling at $19.07 in premarket in New York.

robinhood

Related Stocks

Robinhood Markets

Robinhood jumps 8% on prediction markets hub launch

17 March

Shares of Robinhood Markets Inc. rose by 8% on Monday after the company's subsidy Robinhood Derivatives, LLC introduced its prediction markets hub.The new feature can be found directly within the Robinhood App, and it is intended to enables customers to "trade on the outcomes of some of the world's biggest events," including the Federal Reserve interest rate decision. The hub will initially be available in the United States through KalshiEX LLC, an...

Robinhood introduces prediction markets hub

17 March

Robinhood Derivatives, LLC launched on Monday its prediction markets hub, which can be found directly within the Robinhood App. This allows customers to "trade on the outcomes of some of the world's biggest events," it was revealed in a statement."We believe in the power of prediction markets and think they play an important role at the intersection of news, economics, politics, sports, and culture. We're excited to offer our customers a new way to participate in...

Robinhood says SEC closed crypto investigation

24 February

Robinhood Markets Inc. announced Monday that the US Securities and Exchange Commission (SEC) has officially ended its investigation into Robinhood Crypto (RHC). In a letter dated February 21, 2025, the SEC's Enforcement Division informed RHC that it had concluded its review and would not pursue any enforcement action."We applaud the staff's decision," Robinhood's Chief Legal, Compliance and Corporate Affairs Officer Dan Gallagher said, calling the...

Robinhood shares soar 17% after record earnings report

13 February

Shares of Robinhood Markets Inc. skyrocketed more than 17% on Thursday after the company logged a record earnings report for the fourth quarter of fiscal 2024.The company reported a 115% year-over-year increase in revenue, totaling $1.01 billion, and a net income of $916 million, or $1.01 per diluted share. The significant growth was primarily driven by a 700% increase in cryptocurrency transaction revenue, which reached $358 million. At 9:38 am ET,...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.