Robinhood cryptocurrency trading volume jumps 95% in January

Companies • February 15, 2023, 4:17PM EST
The Block

Quick Take

  • Cryptocurrencies and other measures were higher in January than December, Robinhood said.

Robinhood reported cryptocurrency trading volumes up 95% in January to $3.7 billion from the previous month.

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 billion, up 19% and option contracts were 82.9 million, up 10%, the company said in a statement.

Monthly Active Users (MAU) at the end of January were 12 million, up 600,000 from December. Assets under custody (AUC) at the end of January were $74.7 billion, up 20% from the end of December.

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Shares were up nearly 6% at the close.

 


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About Author

Christiana is a long-time journalist who has written about markets in the Americas, politicians who stashed cash in their underwear and high-end heels, to name just a few. She previously spent six years at Bloomberg, and her work has appeared in the WSJ, LA Times, Insider, Vogue Business and more. Christiana has a bachelor's degree in English from Pace University and a master's degree in journalism from New York University. She completed a master's degree in media psychology for fun.

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