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Robinhood Posts Record Growth in July Fueled by Crypto Boom
Robinhood Posts Record Growth in July Fueled by Crypto Boom
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BTCCSquare news:
Robinhood Markets, Inc. saw its stock rise nearly 1% to $109.68 on Thursday as the trading platform reported explosive growth across all key metrics for July 2025. The retail-focused broker added 160,000 funded accounts in July, bringing its total to 26.7 million - a year-over-year increase of 2.5 million users.
Platform assets surged to $298 billion, marking a staggering 106% increase from July 2024 levels. This growth was accompanied by $6.4 billion in net deposits during the month, representing a 28% annualized growth rate. The crypto trading boom appears to be a significant driver, with digital asset volumes showing particular strength.
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