Robinhood Records Increase of 600K in MAU for January 2023

US-based online broker Robinhood Markets, Inc. ("Robinhood") released its selected monthly operating data for January 2023, showing an increase of 600 thoudand in Monthly Active Users (MAU) for the month.

Net Cumulative Funded Accounts (NCFA) at the end of January were 23.0 million, up approximately 60 thousand from December 2022. MAU at the end of January were 12.0 million, up 600 thousand from December 2022.

Assets Under Custody (AUC) at the end of January were $74.7 billion, up 20% from the end of December 2022. Net Deposits were $1.4 billion in January, translating to a 27% annualized growth rate relative to December 2022 AUC. Over the last twelve months, Net Deposits were $16.9 billion, translating to an annual growth rate of 19% relative to January 2022 AUC.

Notional Trading Volumes - which are the primary driver of transaction revenues - were higher in January for equities, options, and crypto from December 2022. Equities were $46.0 billion (up 19%), Option contracts were 82.9 million (up 10%), and Cryptocurrencies were $3.7 billion (up 95%).

Margin Balances at the end of January were $3.0 billion, down $0.1 billion from the end of December 2022.

Cash Sweep Balances at the end of January were $7.1 billion, up $1.3 billion from the end of December 2022. Of the $7.1 billion, $6.0 billion were in Gold accounts, which were up $1.2 billion from the end of December 2022.