Robinhood's Trading Volumes Recovery in November, with 60% MoM Jump in Crypto Trading

US-based online broker Robinhood Markets, Inc. has released selected monthly operating data for November 2022, showing an overall increase in its total trading volumes.

Specifically, the trading volume of Equities was $44.7 billion, down 4% compared to the last month. Option contracts were 81.8 million and cryptocurrencies were $5.7 billion, up 4% and 60% respectively compared to the last month..

The broker's Net Cumulative Funded Accounts (NCFA) at the end of November were 23.0 million, up approximately 40 thousand from October 2022. Monthly Active Users (MAU) at the end of November were 12.5 million, unchanged with the end of October 2022.

Assets Under Custody (AUC) at the end of November were $70.2 billion, unchanged with the end of October 2022. Net Deposits were $1.7 billion in November, translating to a 28% annualized growth rate relative to October 2022 AUC. Over the last twelve months, Net Deposits were $18.9 billion, translating to an annual growth rate of 18% relative to November 2021 AUC.

Margin Balances at the end of November were $3.5 billion, down $0.3 billion from the end of October 2022. Cash Sweep Balances at the end of November were $5.0 billion, up $1.2 billion from the end of October 2022.