More Customers, More Products, More Reach! New Markets Strengthen Robinhood's Financial Empire!

Robinhood Markets (HOOD) is increasingly evolving from a trading app to a broader financial platform, and the July data shows how large its customer base has now become. At the end of July, the company reported 28.5 million funded customer accounts, about 80,000 more than in June and 1.77 million more than a year ago. The managed platform assets stood at $355 billion, still 19% above last year's level despite a 4% decline from June. At the same time, a net $5.6 billion flowed onto the platform in July. The securities business remains particularly...