Robinhood Reaches for More Wallet Share With New Products
Robinhood(HOOD) PYMNTS.com·2024-10-31 07:10
Robinhood Markets has made its name as a place for younger investors to day trade meme stocks, crypto and options on their phones. And on Wednesday’s (Oct. 30) third quarter 2024 earnings call, the retail trading platform’s executives emphasized to investors that their main aim is now to increase wallet share of existing investors while attracting a broader group to its platform.Per its materials, the company’s assets under custody increased 76% year over year (YoY) to $152.2 billion, driven by continued ne ...