Robinhood Reported More Monthly Trades Than Charles Schwab and E-Trade Combined

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Robinhood's data revealed that it had more trades than Charles Schwab and E-Trade combined.

Robinhood's data revealed that it had more trades than Charles Schwab and E-Trade combined, according to CNBC.

Robinhood recorded 4.3 million daily average revenue trades, known as DARTS, in June. This is the first time Robinhood has disclosed monthly trading data. Robinhood's monthly total than any other firm, and more than E-Trade and Charles Schwab combined.

  • TD Ameritrade reported their monthly total at 3.84 million DARTS.
  • Interactive Brokers reported their monthly total at 1.8 million DARTS.
  • Charles Schwab reported their monthly total at 1.8 million DARTS.
  • E-Trade reported their monthly total at 1.1 million DARTS.

Robinhood's DARTs in the second quarter more than doubled compared to the prior three months. Recently, a Robinhood spokesperson stated that it was pulling back on the client data it released. It also plans to restrict access to its API, which is used by third-party sites such as RobinTrack.com.

“When we look at customer behavior over time, many Robinhood customers use a ‘buy and hold’ strategy,” a Robinhood spokesperson said. “Most of them buy more stocks than they sell.”

Robinhood's valuation has now grown to $8.6 billion.

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