Robinhood Report: Cryptocurrency Trading Volume Reached $35.2 Billion in November, Increasing Over 500% Month-over-Month

ChainCatcher news, according to Globenewswire, Robinhood Markets released its operational data for November 2024.

As of the end of November, the total number of funded customers on the trading platform was 24.8 million (an increase of approximately 420,000 from October 2024, and an increase of about 1.5 million compared to the same period last year); assets under management were $195 billion (a month-over-month increase of 22%, and a year-over-year increase of 106%). The nominal trading volume for stocks reached $147.1 billion (a month-over-month increase of 16%, and a year-over-year increase of 178%). The trading volume for options contracts reached 155.5 million (a month-over-month decrease of 2%, and a year-over-year increase of 63%). The nominal trading volume for cryptocurrencies reached $35.2 billion (a month-over-month increase of over 500%, and a year-over-year increase of over 700%). As of the end of November, the company's financing balance was $6.8 billion, the total cash collection balance was $26.5 billion, and total securities lending revenue was $23 million.