The world of investing has seen a major shift in recent years, with the rise of digital trading platforms like Robinhood. Since its launch in 2013, Robinhood has become one of the most popular investment apps on the market and is now used by millions around the globe. In this blog post we will be exploring some interesting statistics about Robinhood users to gain insight into who they are and how they use this platform. We'll look at user demographics such as age range and gender breakdowns, as well as usage stats such as daily average revenue trades and assets under custody. Finally, we'll explore how these numbers have changed over time since 2020 when there was an influx of new investors joining due to pandemic-related economic uncertainty. By understanding more about what makes up their user base, it can help us better understand why people choose to invest through Robinhood instead of other options available today.
Robinhood User Statistics Overview
Young investors under the age of 35 make up 80% of Robinhood’s user base.
This statistic is a telling indication of the impact Robinhood has had on the investing landscape, particularly among younger generations. It speaks to the company's success in providing an accessible platform for those who may not have had the opportunity to invest in the past. It also highlights the potential for Robinhood to continue to grow and expand its user base in the future.
The percentage of Robinhood users that own the trading platform’s stocks is at 45.3%.
This statistic is a telling indication of the success of Robinhood's platform, as it shows that nearly half of its users have chosen to invest in the company's stocks. This speaks to the trust and confidence that Robinhood users have in the platform, and is a testament to the company's ability to provide a reliable and secure trading experience.
On average, Robinhood users checked the app 7 times per day in 2020.
This statistic is a telling indication of the level of engagement Robinhood users have with the app. It speaks to the fact that users are actively using the app on a daily basis, which is a testament to the app's success in providing a valuable service to its users. This statistic is an important piece of information to consider when discussing Robinhood user statistics, as it provides insight into the level of user engagement with the app.
By October 2020, over 23% of all Robinhood users had daily average revenue trades.
This statistic is a testament to the success of Robinhood's mission to make investing accessible to everyone. It shows that a significant portion of Robinhood users are actively engaging in daily trading, which is a testament to the platform's user-friendly interface and low fees. This statistic is a great indicator of the platform's success in providing a convenient and affordable way for people to invest.
In 2020, Robinhood's most popular stock was Apple, held by 22.3% of users.
This statistic is a telling indication of the preferences of Robinhood users. It shows that the majority of users have chosen to invest in Apple, making it the most popular stock on the platform. This speaks to the trust and confidence that Robinhood users have in the company, as well as the potential for growth that Apple offers. This data can be used to inform decisions about which stocks to invest in and how to best utilize the platform.
Robinhood users make up 58.4% of users on all trading platforms.
This statistic is a testament to the immense popularity of Robinhood among traders. It shows that the platform has become the go-to choice for many investors, and that it has been able to capture a large portion of the trading market. This statistic is important to consider when discussing Robinhood user statistics, as it provides insight into the platform's success and its impact on the trading industry.
In June 2021, Robinhood filed to go public with a pre-IPO valuation of $40 billion.
This statistic is a testament to the success of Robinhood and the impact it has had on the financial industry. It shows that the company has grown exponentially since its inception and is now a major player in the market. It also indicates that the company has a strong user base and is well-positioned to continue its growth in the future. This is an important factor to consider when discussing Robinhood user statistics, as it provides insight into the company's success and potential.
63% of Robinhood app users access it on Android devices, and 37% on iOS devices.
This statistic is significant in understanding the user base of the Robinhood app. It provides insight into the preferences of the app's users, indicating that the majority of them prefer Android devices over iOS devices. This information can be used to inform marketing strategies and product development decisions, as well as to better understand the needs and wants of the app's users.
In May 2021, Robinhood reported 18 million funded accounts.
This statistic is a testament to the success of Robinhood, demonstrating the platform's immense popularity among investors. It shows that the company has been able to attract a large number of users, indicating that it is a trusted and reliable source for trading. This statistic is also important in understanding the overall trend of the stock market, as it provides insight into the number of people actively participating in the market.
As of June 2021, Robinhood had $81 billion in assets under custody.
This statistic is a testament to the success of Robinhood, demonstrating the trust that users have placed in the platform. It shows that Robinhood has become a major player in the financial services industry, with a large number of users entrusting their assets to the platform. This is an important indicator of the platform's success and a key factor in understanding the user base of Robinhood.
By Q1 2021, cryptocurrency trading revenue on Robinhood totaled $331 million.
This statistic is a testament to the success of Robinhood's cryptocurrency trading platform. It shows that the platform has been able to generate a significant amount of revenue in a relatively short period of time, indicating that it is a popular and successful platform. This is an important statistic to consider when discussing Robinhood user statistics, as it provides insight into the platform's success and popularity.
In 2020, Robinhood gained an estimated $362 million due to options trading on its platform.
This statistic is a testament to the success of Robinhood's options trading platform, highlighting the immense potential of the platform and the trust that users have placed in it. It is a clear indication that Robinhood is a reliable and profitable platform for users to engage in options trading, and is thus an important piece of information to consider when discussing Robinhood user statistics.
In 2021, Robinhood overtook Coinbase as the most searched-for finance app on the App Store in the US.
This statistic is a testament to the growing popularity of Robinhood, demonstrating that it has become the go-to finance app for many users in the US. It speaks to the success of the company in capturing the attention of the public and becoming a household name. This is an important milestone for Robinhood and a key indicator of its success in the US market.
Conclusion
Robinhood has seen tremendous growth in the past year, with over 6 million new users joining in 2021 alone. The average user is 31 years old and more than half of them are first-time investors. As of Q4 2020, Robinhood had 13 million users and by October 2020 that number had grown to nearly 16 million. Young investors under 35 make up 80% of their user base while 45.3% own stocks on the platform itself. Options trading was also popular among Robinhood's customers as 12.5 million contracts were traded in June 2020 alone, generating an estimated $362M for the company last year from options trades alone - not including other revenue sources such as Payment for Order Flow (PFOF). In May 2021 they reported 18 Million funded accounts and by June 2021 this figure grew to 81 billion assets under custody due to cryptocurrency trading which generated 331M dollars during Q1 2021 only. Finally, it appears that people prefer using Robinhood compared to Coinbase since it became the most searched finance app on App Store US at some point during this year according to data collected from reviews & searches made online .
References
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ZipDo, cited June 2023: Robinhood User Statistics
