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Monthly active users and assets under custody (AUC) for Robinhood, a leading U.S. commission-free stock trading and investment application provider, were flat last month, the company reported in its November 2022 operational data. It was published on wednesday.
Monthly Active Users (MAU) for the platform in October was 12.5 million, the same as in October. However, compared to the same period in November 2021, his MAU on the platform is down -33% from his 18.6 million.
Additionally, in terms of user growth, Robinhood’s Net Cumulative Funding Accounts (NCFA) remained steady at 23 million, up 0.4% from last month’s 22.9 million. On a year-over-year (YoY) basis, this is just 1% growth.
Additionally, AUC for stock trading and investment apps remained steady at $70.2 billion in both months, down 35% from $107.5 billion in the same period last year.
Watch the recent Finance Magnates London Summit 2022 session on trading in the digital world
Despite these numbers, Robinhood posted significant growth in total crypto trading in November. Volume he improved from $3.5 billion in October to $5.7 billion last month, up 60%.
This is a sharp change from October’s performance, when cryptocurrency trading volume fell by -80%. However, compared to his $14.9 billion generated in November 2021, he also saw a 62% drop in crypto trading volume last month.
Unlike cryptocurrencies, stock trading on Robinhood fell 4% from $46.7 billion in October to $44.7 billion last month. The figure is a far cry from the $96.9 billion posted in the same month last year, which means the stock’s volume fell by -54%.
Meanwhile, options contract trading improved slightly by 4%, rising to 81.8 million contracts in November from 78.7 million contracts two months ago. However, like the company’s cryptocurrency and stock trading volume, the figure represents a significant departure from his 113 million options contracts traded in November 2021 (a 28% decrease). increase.
Significant month-over-month increase in cryptocurrency trading volume on Robinhood drives average daily revenue traded (DART) from cryptocurrencies surges 40% to $300,000, up 37% from $500,000 in the same period last year Decreased. .
Meanwhile, in early November, Robinhood’s share price plummeted to a two-week low and its steepest one-day drop. The event was triggered by the demise of his once-beloved cryptocurrency exchange, FTX.
Monthly active users and assets under custody (AUC) for Robinhood, a leading U.S. commission-free stock trading and investment application provider, were flat last month, the company reported in its November 2022 operational data. It was published on wednesday.
Monthly Active Users (MAU) for the platform in October was 12.5 million, the same as in October. However, compared to the same period in November 2021, his MAU on the platform is down -33% from his 18.6 million.
Additionally, in terms of user growth, Robinhood’s Net Cumulative Funding Accounts (NCFA) remained steady at 23 million, up 0.4% from last month’s 22.9 million. On a year-over-year (YoY) basis, this is just 1% growth.
Additionally, AUC for stock trading and investment apps remained steady at $70.2 billion in both months, down 35% from $107.5 billion in the same period last year.
Watch the recent Finance Magnates London Summit 2022 session on trading in the digital world
Despite these numbers, Robinhood posted significant growth in total crypto trading in November. Volume he improved from $3.5 billion in October to $5.7 billion last month, up 60%.
This is a sharp change from October’s performance, when cryptocurrency trading volume fell by -80%. However, compared to his $14.9 billion generated in November 2021, he also saw a 62% drop in crypto trading volume last month.
Unlike cryptocurrencies, stock trading on Robinhood fell 4% from $46.7 billion in October to $44.7 billion last month. The figure is a far cry from the $96.9 billion posted in the same month last year, which means the stock’s volume fell by -54%.
Meanwhile, options contract trading improved slightly by 4%, rising to 81.8 million contracts in November from 78.7 million contracts two months ago. However, like the company’s cryptocurrency and stock trading volume, the figure represents a significant departure from his 113 million options contracts traded in November 2021 (a 28% decrease). increase.
Significant month-over-month increase in cryptocurrency trading volume on Robinhood drives average daily revenue traded (DART) from cryptocurrencies surges 40% to $300,000, up 37% from $500,000 in the same period last year Decreased. .
Meanwhile, in early November, Robinhood’s share price plummeted to a two-week low and its steepest one-day drop. The event was triggered by the demise of his once-beloved cryptocurrency exchange, FTX.
