Robinhood said month-to-date net deposits for October had surpassed $13 billion on Oct. 27, under a measure that now counts Trump Account contributions and Treasury seed funding.
The company attributed $6 billion of the total to a Dell family contribution to Trump Accounts. Robinhood said it began including account contributions and Treasury seed funding in its net-deposit measure in July.
The Oct. 27 update did not provide an October trading-volume total. Robinhood’s monthly metrics list data through September, the latest month available.
The company reported $15.7 billion in net deposits for the three months ended Sept. 30 in its third-quarter release. EconoTimes covered the quarterly results in an earlier report.
