****************Deposits/trading volumes amid crypto/equities softness + Trump Accounts dep upside****************
Key Questions
What were Robinhood's net deposits and funded accounts growth?
Robinhood reported $5.6 billion in net deposits and 27.4 million funded accounts, up 7% with an addition of 140,000 accounts. Total assets under custody reached $324 billion, marking a 68% increase.
How has Robinhood's banking product performed?
Robinhood Banking attracted $1.5 billion in deposits from 100,000 Gold subscribers, up 50%, with total Gold assets at $68 billion. Gold subscribers grew 58% to 4.2 million, boosting ARPU to $191.
What were Robinhood's March trading volumes across products?
In March, crypto trading volume fell 36% to $16 billion, while equities reached $196 billion, options traded 187 million contracts up 4%, and prediction markets hit $2.6 billion up 9%.
How did Robinhood's stock perform on April 9?
Robinhood shares gapped down 3.2% to a low of $67.55 and closed at $66.62 on 10 million volume. Technicals showed RSI at 41, put IV at 77-80%, and MACD at -3.41.
What options activity was seen around Robinhood stock recently?
On April 9, options included 20k puts at $63 and 62k calls at $69, with the stock testing $64-70 range. Prior day saw 156k contracts traded, 69% calls.
What is Robinhood's role in Trump Accounts?
Robinhood, partnering with BNY, will build and serve as the brokerage platform for the Trump Accounts program launched by the U.S. Treasury. This targets youth and offers upside amid crypto softness versus competitors like COIN and Schwab.
Why did Robinhood shares gap down recently?
The 3.2% gap down on April 9 followed broader crypto and equities softness, despite strong deposits and volumes. Recaps highlight sticky growth in banking and equities offsetting crypto declines.
How does Robinhood's growth compare amid market softness?
Despite crypto volume drops, net deposits surged, banking hit milestones, and equities/options grew. This reinforces sticky user growth and diversification beyond crypto.
$5.6B net deposits/27.4M funded +7% +140k/$324B assets +68%; Banking $1.5B/100k Gold +50%/$68B total/Gold 4.2M +58% ARPU $191; Mar crypto $16B -36%/eq $196B/opts 187M +4%/pred $2.6B +9%; Apr9 gap down 3.2% $67.55 low $66.62 (10M vol, RSI41/put IV77-80%, MACD-3.41, options 20k P63/62k C69, tests $64-70)/prior options 156K 69% calls (Barchart chains echo); Trump youth vs COIN/Schwab; recaps reinforce sticky growth.