Robinhood says customers deposited a record $6.5 billion in April as active traders try to profit off market chaos

• Robenol has not always flourished During severe volatility periods, but customers continued to flow to the online trading platform last month, even after president Donald Trump operated the highly identifier marketing markets.

The uncertainty and economic anxiety have public companies in industries from airlines to fast food that withdraws their aspiration guidelines for investors. The Robinhood brokerage platform offered confident expectations during its quarterly calls on Wednesday, with its communication with active traders who help pushing the company to April strong despite the president’s tariff without Trump’s chaos in the stock market.

Robinhood built its reputation as a disruption in the loud silicone valley, where it made a commission -free trading that allowed teenagers and twenties to invest using their smartphones. The current appetite for retailers is closely monitored, but CEO Vlad Teenv said that the company focused on serving the types of traders who dive into the volatile markets.

“Unlike the place where work returned in 2022, when we were mostly focused on novice investors, the new focus on our being the best platform for active traders made us more flexible at times such [in] Side or low markets. “

The fluctuation was not always a friend of Robinhood. While merchants flocked to the platform during the Memestock obsession in January 2021, record sizes put pressure on the company’s financial plumbing. After the securities organizer reached Robinhood with a $ 3 billion capitalist, the company briefly prevented investors from buying Gamestop and other famous Mimstock on the platform, which led to accusations that the company was compatible with the clicked sellers.

The public subscription later proved that year a bust, as the shares decreased from an initial price of $ 38 of up to $ 7 in 2022, when the S&P 500 ended for the year by 18 %, as the Federal Reserve increased interest rates significantly to combat increased inflation.

But the stock is now trading over a brand of $ 45, and the platform is receiving a record of $ 6.5 billion in net deposits last month, although the shares are on a ground trip. Trump’s chaotic tariff arranged a 19 % decrease in the record in mid-February, only for the index to rise by 9 % on April 9-best since October 2008-when the president announced 90 days on the “mutual definitions”. A largely unstable calm, as the administration claims to be close to securing many major commercial deals.

Financial Director Jason Warrenick said that customers have used the platform constantly throughout the month, as the shares are currently trading at the highest level of four years. He added that the trading of options is also close to the peak at all, and the balances of the users on the margin-which means that the borrowed funds-to 8.4 billion dollars from last year.

“Therefore, there is a very broad power to share the retail that we see, and all signs are positive throughout April,” Warrnik said.

Robinhood also launched futures trading and expanding its business in the prediction market in the first quarter. The latter has sparked criticism and organizational scrutiny of the similarity to the gambling, but Teenv highlighted both fields as sources of growth.

The CEO said that about 4.5 million contracts were circulated in April alone, more than the first three months of the year, allowing customers to use the platform to take short positions for the first time.

“Therefore, it opens new behaviors and new patterns for trading for our active traders,” Tinif said.

Despite all optimistic comments, Robinhood shares fell more than 2 % on Thursday. While the company won expectations in both the top and bottom, revenues fell to $ 927 million from a record record of one billion dollars at the end of last year. The encryption revenue decreased by 30 % from $ 358 million to $ 252 million in the same period, such as the post -election rally in digital assets in digital assets.

This story was originally appeared on Fortune.com

2025-05-01 17:52:00