Robinhood Trading Volume Plummets 40.93% to $1.158 Billion, Slips to 49th in Daily Rankings

On May 28, 2025, Robinhood Markets (HOOD) experienced a significant drop in trading volume, with a 40.93% decrease from the previous day, totaling $1.158 billion. This decline placed Robinhood at the 49th position in the daily trading volume rankings, and its stock price fell by 1.33%.

Robinhood has expanded its desktop trading platform, Robinhood Legend, to the UK market. This move is part of the company's strategy to attract more retail investors by offering advanced trading tools. The platform, which was launched in the U.S. in October, is fully customizable and available at no additional cost to all Robinhood account holders. The company aims to become the leading platform for active investors globally, providing speed, precision, and customization to its users.

Robinhood's expansion into the UK desktop trading market is driven by the growing demand for desktop trading platforms among UK investors. The company's research indicates that trading from a laptop or desktop computer is almost as common as trading on a mobile device in the UK. Additionally, only a third of desktop traders are satisfied with their existing trading platforms, citing a lack of customization and challenging navigation as major pain points.

In addition to the desktop trading platform, Robinhood has also introduced other financial services, including a wealth management service for less wealthy clients, a banking platform with checking and savings accounts, and a credit card issued by Coastal Bank. These new products are part of a broader trend among neobanks and investment platforms to offer a continuum of financial activities through digital apps.