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Shares of Robinhood rose over 11% in premarket trading on Thursday after the online platform reported a large increase in volumes during February.
In an update after the market close on Wednesday, the company said trading activity increased across all asset classes compared with January.
Equity trading volume jumped 36% to $80.9 billion, options contracts traded increased 12% to $119.1 million and crypto volumes grew 10% to $6.5 billion. Total assets under custody rose 16% from January to $118.7 billion at the end of February.