Robinhood AUC At End Of Apr. $123.3B, Down 5% From Mar.; Trading Volumes Were Higher For Options And Lower For Equities And Crypto
Portfolio Pulse from Benzinga Newsdesk
Robinhood's Assets Under Custody (AUC) at the end of April were $123.3 billion, a 5% decrease from March. Trading volumes increased for options but decreased for equities and cryptocurrencies.
May 15, 2024 | 8:09 pm
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Robinhood's AUC decreased by 5% in April to $123.3 billion. While options trading volumes increased, equities and crypto trading volumes saw a decline.
The decrease in AUC by 5% is a negative indicator for Robinhood's overall financial health. Although options trading volumes increased, the decline in equities and crypto trading volumes could signal reduced investor activity and confidence, potentially leading to a short-term negative impact on the stock price.
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