Robinhood Markets May Equity Notional Trading Volumes Up 27% From Apr. Options Contracts Traded Up 29%, Crypto Notional Trading Volumes Down 43%
Portfolio Pulse from Benzinga Newsdesk
Robinhood Markets reported a 27% increase in equity notional trading volumes in May compared to April, while options contracts traded rose by 29%. However, crypto notional trading volumes declined by 43%.
June 12, 2023 | 12:34 pm
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NEUTRAL IMPACT
Robinhood's equity and options trading volumes increased in May, but crypto trading volumes declined significantly.
The increase in equity and options trading volumes indicates a positive trend for Robinhood's core business. However, the decline in crypto trading volumes may offset some of the gains. The overall impact on the stock price is likely to be neutral in the short term.
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IMPORTANCE 75
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