Robinhood Markets Ranks 24th in Trading Volume with $1.794 Billion as it Expands into Wealth Management and Banking

On April 1, 2025, Robinhood Markets (HOOD) saw a trading volume of $1.794 billion, ranking 24th in the day's stock market activity. The stock price increased by 1.30%.

Robinhood is expanding its services beyond online trading with the launch of Robinhood Strategies, an online wealth management service priced at $250 per year or less. This move is part of the company's broader strategy to diversify its offerings and attract a wider range of customers. The new service will provide users with access to personalized investment advice and financial planning tools, aiming to cater to those looking for more comprehensive financial management solutions.

In addition to wealth management, Robinhood is also venturing into the banking sector. One of the standout features of Robinhood Banking is the on-demand cash delivery service, which allows customers to receive cash directly at their doorsteps, subject to geographic limitations. This service is initially rolling out to Robinhood Gold members, offering a convenient and innovative way for users to access their funds.

Robinhood's entry into the wealth management and banking industry has been met with positive reactions from analysts. The company's strategic moves are seen as a way to enhance its competitive edge in the financial services market. By offering a range of services from online trading to wealth management and banking, Robinhood aims to become a one-stop-shop for all financial needs, potentially driving further growth and customer loyalty.