Robinhood Saw Surge In Trades During June

Video Credit: Wochit News
Published on August 11, 2020 - Duration: 00:30s

Robinhood Saw Surge In Trades During June

Robinhood overtook its rivals in trading activity during the month of June.

According to Business Insider, a surge in retail investing drove millions of users to the trading platform.

The brokerage posted 4.31 million daily average revenue trades, as investors capitalized on pandemic-fueled uncertainty.

Robinhood used to attract traders with its zero-commission-fee structure, but rivals have since slashed their own fees.

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Robinhood (company)

U.S.-based financial services company

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