The Robinhood stock trading platform saw $5 billion in equities trading volume yesterday, according to the company’s CEO. Vlad Tenev “We’re going to be upgrading some of our systems tonight to make sure we’re prepared for even higher load,” he said late Tuesday.The most recent monthly metrics from Robinhood show $84.7 billion in equity trading volume for the entire month of March, averaging out to $2.7 billion a day. Monday’s activity nearly doubled that.Robinhood is an investing app that initially allowed users to buy and sell stocks but has embraced the crypto world in recent years. Customers can buy and sell assets from stocks and U.S. equities to Bitcoin, exchange-traded funds (ETFs), and .@RobinhoodApp hit $5B in equities trading volume today …one of our biggest days in the past 12 months— Vlad Tenev (@vladtenev) May 15, 2024Meme stock trading mania returned to markets this week, with formerly popular assets like GameStop (GME) and AMC rocketing in price. Robinhood didn’t immediately respond to The trading flurry started Monday morning after the Twitter account for Everyone logging back into their Robinhood accounts 3 years later to see if they own any GameStop pic.twitter.com/xqLfFCF9qK— Morning Brew ☕️ (@MorningBrew) May 13, 2024Once again, GME and AMC stock were booming, and exchanges briefly GME and AMC Edited by Ryan Ozawa.
