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Benzinga
Benzinga
Business
Adam Eckert

Robinhood Customers Hit 26.7 Million In July, Total Platform Assets Rise 7% As Crypto Volumes Surge

HOOD Robinhood Crypto
Robinhood Robinhood,Mobile,Icon,App,On,A,Screen,Smartphone,Iphone.,Robinhood

Robinhood Markets Inc (NASDAQ:HOOD) shares are seeing some increased attention in Wednesday’s after-hours session after the company reported monthly operating metrics for July.

What Happened: Robinhood said total platform assets climbed 7% from June to $298 billion in July, up 106% on a year-over-year basis. The company reported $6.4 billion of net deposits in July, bringing total net deposits up to $60.1 billion over the past 12 months.

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