Robinhood Sees Large Spike in Deposits on Market Turmoil

As stock market volatility increased the trading app Robinhood saw deposits jump 20 percent; “We saw a large spike in transaction volume and trading activity on the platform today,” a spokesperson told Business Insider. “Retail investors deposited 20% more funds into their Robinhood accounts today than they did on Friday.”; this is a trend the company has seen before, in late 2016 the Dow dropped 8 percent because of issues in Asia and the app saw their biggest net deposits ever. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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