Robinhood says customers deposited a record $ 6.5 billion in April because active traders are trying to benefit from market chaos

• Robinhood has not always developed During periods of extreme volatility, but customers continued last month on the web trade platform, even after President Donald Trump's chaotic tariffs in the markets.

Trade policy uncertainty and economic anxiety are state -owned companies in airline industries to fast food, which draws forward -looking guidance for investors. Web broker platform Robinhood offered a confident prospect during the quarter profit speech Wednesday, with information on active traders, helping to push the company to April, despite President Donlad Trump's tariffs, which trigger chaos in the stock market.

Robinhood built his reputation as a turmoil Silicon Valley as a distressing, providing a committee -free trading that allowed teens and twentieth to invest in their smartphones. The current appetite for retail investors is closely monitored, but CEO Vlad Tenev said the company is focused on servicing trader types who dive into headgear markets.

“Unlike where the company was back in 2022, where we were predominantly focused on beginner investors, the new focus on active traders has made us more durable at such times,” he said, “because we just didn't have a lot of mechanisms for customers who were more sophisticated. [in] sideways or shrinking markets. ”

Volatility has not always been a friend of Robinhood. While traders screamed at the platform during the January memoxual mania of 2021, record volumes put pressure on the company's financial pipeline. After a securities regulator hit Robinhood with a $ 3 billion capital call, the company briefly banned investors from buying gamestop and other popular membranes of the platform that led to the accusations that the company made a collusion with short sellers.

The company IPO later this year turned out to be a bust, the shares fell from $ 38 to $ 7 to $ 7 in 2022, when the S&P 500 ended 18%over the year, as the Federal Reserve dramatically hiked interest rates to fight inflation.

But the stock is now trading over $ 45 and the platform has received a record $ 6.5 billion net deposit last month, despite the fact that the shares are in the wild. Trump's chaotic tariff introduction caused 19% of its record highest in mid-February to S&P 500, only that the index rose 9% on 9% on April 9, 2008 since October 2008, when the President announced a 90-day break of his extensive “opposite tariffs”. The peaceful calm has largely invaded, as the administration claims to be close to the conclusion of several major trade transactions.

Customers consistently used the platform throughout the month, said Jason Warnick, CFO, and the four-year-old is currently trading. He added that trading in options is also close to the cutting level of all time and the balance of users in the margins-borrowed money-minor money-minor to $ 8.4 billion last year.

“So I would say that a retail company has a rather broad strength we see,” Warnick said, “and all the labels are positive throughout April.”

Robinhood also triggered trading with futures and expanded its prediction lawn in the second quarter. The latter has drawn criticism and regulatory control on the similarities of gambling, but Tenev highlighted both areas as sources of growth.

About 4.5 million contracts are traded in April alone, the CEO announced more than the first three months of the year, allowing customers to use the platform for the first time to take short positions.

“So it really opens up new behavior and new trading styles to our active traders,” Tenev said.

Despite all optimistic comments, Robinhood shares fell by more than 2%on Thursday. When the company exceeded expectations on both the upper and the bottom, sales revenue fell from a record $ 927 million from a record $ 10 billion at the end of last year. Crypto revenue fell from 30% from $ 358 million to $ 252 million in the same way as bottling the post -guard rally of digital assets gave way to the historic route.

This story was originally reflected on Fortune.com