Robinhood Markets logo (Wikimedia Commons, public domain)
Robinhood says about 200,000 customers have opened AI-powered trading accounts
Agentic Trading Accounts have generated more than $1.6 billion in notional trading volume, Robinhood said in its Q3 results.
About 200,000 Robinhood customers have opened Agentic Trading Accounts, the company’s AI-powered trading product, Robinhood said in its third-quarter results on Tuesday. The accounts have generated more than $1.6 billion in notional trading volume to date.
The figure was one of several newer products Robinhood highlighted as it diversifies beyond trading. Robinhood Strategies, its managed investing service, has 350,000 funded customers and more than $2 billion in assets under management, while Robinhood Banking holds nearly $5 billion in deposits from more than 350,000 customers.
New products offset a crypto slump
Total net revenue rose 12% to $1.42 billion in the quarter, as options and event contracts revenue grew and crypto revenue fell 55% to $120 million. Robinhood now has 14 businesses generating at least $100 million in annualized revenue.