Robinhood says customers deposited a record $6.5 billion in April as active traders try to profit off market chaos
- Robinity is not always a bloom During the period of extreme instability, customers continued to smell this year’s online trading platform, even after President Donald Trump’s chaotic tariff rolls.
Uncertainty and economic concerns of trade policy have state companies from airlines to fast food gravation their priorities leadership for investors. The Broker Platform Robin offered a confident prospect during its quarter earnings call On Wednesday, however, active traders helped the company help the company in April April, despite unleashing President Donlad Trump tariffs chaos in the stock market.
Robinity has been built its authority As a Buzzy Silicon Valley Disuper, offering a commission-free trade, which allowed teenagers and twenty-hyperspings to invest in their smartphones. The current appetite Retail investors: WITHOUT THE CITIZENSHIP, THE CENTER OF THE CEO Choppy marketsA number
“Unlike the business returned in 2022, where we dominated newly created investors, the best platform for active traders”, because we used to be more complicated before. [in] side by side or diminishing markets. “
Instability has not always been a robbery friend. While traders gathered to platform Memestock mania Since January 20, 2021, record volumes are putting pressure on the company’s financial sanitary ware. Robin has hit Robin with $ 3 billion since the securities regulator, the company briefly banned investors from buying Scent And the other popular memories of the platform, which arise before charges, collided with short sellers who were pressed.
The company’s IPO later proved that it busted from the initial prices of $ 38 to 2022. $ 7 when the S & P 500 ended with 18% because the Federal Reserve dropped sharply inflation sharply.
But the shares are now trading above $ 45, and the platform has received $ 6.5 billion in the registration of net deposits this month. Trump’s chaotic tariff opened the S & P 500 to fall 19% from mid-February 19%, only on April 9, the figure will increase by 9% when the president announced. 90-day break “Mutual Tariffs” on his cleaning. Instructions have been largely spread, as the administration claims that it is close to ensuring several large trade transactions.
Customers used the platform consistently throughout the month, said the CFO Ason Jason Warik, which now has the shares of four years. Options are also close to all once at the peak, and he added, and the remains of the users borrowed money from $ 8.4 billion.
“So I would say that there is a rather widely based retail strength we see,” Warik said. “And all the signs are positive in April.”
Robinity has also launched the future trade and expanded it Forecast-markets Business Q1. The latter conducted a criticism and regulatory inspection for similarities of gambling, but Tenev highlighted both areas, such as growth sources.
Only 4.5 million agreements were sold in April, more than the first three months of the year, allowing customers to use short positions for the first time.
“Thus, it really misses new behavior and new styles for our active traders,” Tennev said.
Despite the most popular comment, Robbin shares have decreased by more than 2% on Thursday. While the company wins the expectations both on the top and bottom line, the income fell from $ 1 billion last year to $ 927 million. Crypto Revenues: From 30% to 30%, it reached $ 358 million to $ 252 million, as the busted post-election rally of digital assets gave a historic route.
This story was originally shown Fortune.com
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