New Product LaunchRobinhood, along with partners, has launched the Global Dollar Network and its USD-backed stablecoin, USDG, aiming to accelerate the usage of stablecoins worldwide.
Trading Activity And EngagementOctober equity notional volumes are at the highest monthly level in over three years, indicating strong market activity for Robinhood.
User And Asset GrowthFunded customers increased by 1 million year over year, with average assets under custody per funded customer increasing by $500.