Last week, Robinhood Markets reported an increase in funded customer accounts and trading activity in January, with 27.2 million funded customers at month-end, up about 190,000 from December and 1.75 million year on year. 

Total platform assets rose to $324 billion, up 1 percent month on month and 59 percent over the past year. Net deposits reached $4.5 billion, representing a 17 percent annualised growth rate versus December’s asset base. 

Over the past twelve months, net deposits totalled $67 billion. Equity trading volumes rose 21 percent from December to $227.3 billion, while options contracts traded held steady at 200 million, up 20 percent year on year. Crypto notional volumes rose 8 percent to $22.9 billion.

Margin balances increased 10 percent to $18.4 billion, more than doubling year on year. Cash sweep balances eased 4 percent to $31.5 billion but remained 20 percent higher than a year earlier. Securities lending revenue totalled $34 million, down 11 percent from December but 36 percent higher year on year.

The company repurchased $173 million worth of shares quarter-to-date through 17 February, buying back about 2.1 million shares at an average price of $84. Robinhood noted the figures are preliminary and subject to finalisation in its upcoming SEC filings.