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Robinhood Reports 8% Decline in Users and 43% Drop in Crypto Trading Volumes in May 2023

Robinhood Reports 8% Decline in Users and 43% Drop in Crypto Trading Volumes in May 2023
Robinhood Markets (Nasdaq: HOOD) witnessed another month of slower demand. The number of funded accounts stayed flat in May, while the active users base fell month over month (MoM) from 11.5 to 10.6 million. However, volumes, excluding digital assets, recorded a nearly 30% increase on a monthly basis.Robinhood Reports Lower Engagement and Mixed Trading VolumesIn May 2023, the Net Cumulative Funded Accounts (NCFA) reached 23.1 million, marking an increase of around 20 thousand compared to April... Read More
Posted: Jun 13 2023, 08:09
Author Name: financemagnates
Views: 110633

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