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Robinhood Saw Surge In Trades During June

2020-08-11 57 Dailymotion

Robinhood overtook its rivals in trading activity during the month of June.<br />According to Business Insider, a surge in retail investing drove millions of users to the trading platform.<br />The brokerage posted 4.31 million daily average revenue trades, as investors capitalized on pandemic-fueled uncertainty.<br />Robinhood used to attract traders with its zero-commission-fee structure, but rivals have since slashed their own fees.<br />Still, all other major brokerages failed to post the same leap in trading activity.

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