Robinhood Reports 26.7 Million Customers in July, Total Platform Assets Rise 7% Amid Crypto Volumes Surge

Robinhood reported 26.7 million customers in July, a 160,000 increase from June and 2.5 million more than July 2024. Total platform assets rose 7% to $298 billion, with net deposits reaching $6.4 billion and margin balances climbing 111% YoY to $11.4 billion. Equity trading volumes increased 17% MoM and 100% YoY, while crypto volumes surged 110% from June and 217% YoY.