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00:02Robinhood reported May activity data showing growth across trading volumes,
00:07customer additions, and platform assets, according to Benzinga.
00:10Total platform assets reached $377 billion at month's end, up 9% from April and 48% year-over-year.
00:19Net deposits totaled $5.6 billion for May, reflecting a 19% annualized growth rate relative
00:25to April assets. Funded customers grew to $27.7 million, adding roughly $110,000 from April
00:33and $1.76 million year-over-year. Equity notional trading volumes reached $315 billion in May,
00:41up 27% from April and 75% year-over-year. Average daily volumes of $15.8 billion rose
00:4834% month-over-month and 84% year-over-year. Options contracts traded totaled $230,000
00:55up 3% from April and 29% year-over-year. The platform traded 3.9 billion event contracts
01:04in May, up 22% from April. Shares were down by 3.28% at $82.25 in Wednesday's pre
01:12-market
01:13trading, according to data from Benzinga Pro. For all things money, visit Benzinga.com.
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