Robinhood has had an exceptional June experience. This only further proves her popularity. By comparing the DART metric, which calculates the average daily transactions from which brokers charge fees (albeit zero in the case of Robinhohod), Robinhood has closed 4.3 million trades for its clients. The company also announced a financial injection for development from other new investors.
–
The stated volume of trades is about four times the number of trades at the competitor E * Trade Financial Corp. and is higher than the volumes of other similarly relevant services. These include, for example, TD Ameritrade, Interactive Brokers or Charles Schwab.
The company running Robinhood unveiled its data for the first time. “It’s surprising that the organization has only been in operation for seven years and has already surpassed Ameritrade, which was founded in the mid-1970s,” said Larry Tabb, head of Bloomberg Intelligence’s market structure research department.
–
–
The data also shows that Robinhood’s daily trades more than doubled throughout the second quarter compared to the previous period.
In July, the company announced new funding that valued Robinhood at $ 8.6 billion. In mid-August, another investment came. D1 Capital Partners sent the company $ 200 million. That’s Robinhood valued at $ 11.2 billion.
However, the company also solves problems in the form of frequent outages of its service. As a result, it suspended its planned foreign expansion last month. For example, it postponed the launch of the application in the UK.
–
–
–
