• Home
  • Events
  • Webinars
  • White Papers
  • Blog
  • About
Go to...
    LendIt News – Daily Fintech Industry News LendIt News – Daily Fintech Industry News


    • All News
    • USA
    • Europe
    • LatAm
    • China
    • Lend Academy
    Go to...
      Home»Fintech » Robinhood’s Revenue Doubles in Q2 to $180M

      Robinhood’s Revenue Doubles in Q2 to $180M

      August 4, 2020
      Fintech, USA
      Views : 419
      0

      According to a regulatory filing Robinhood’s second quarter revenue came in at $180 million, nearly double the $91 million it made in the first quarter; big trading firms pay Robinhood and other online brokerages for the right to execute their trades because it helps them earn profits by picking up pennies on each transaction; options provided by far the largest segment of trading revenue at $111 million; Robinhood’s growth is being driven by an overall increase in trading volumes across the industry as people have been sheltering in place; the company added three million funded accounts in the first four months of the year and their three most active trading days of all time came in June 2020. Forbes.

      Tags : Robinhood, Stock trading
      Share :
      • Facebook
      • Twitter
      • Linkedin
      • Email
      Next article
      Aura CEO Steps Down to Seek Financing Deal
      Previous article
      China’s New Digital Currency Tries to Limit Dominance of Alibaba and Tencent

      Leave a reply

      Click here to cancel reply.