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Robinhood Blows Past Rivals in Record Retail Trading Year

  • 4.31 million daily average revenue trades recorded in June
  • Company has blocked access to data that was used by Robintrack
Source: Robinhood
Updated on

Robinhood Markets Inc. is outrunning its online-brokerage rivals, at least by one widely followed industry metric for customer activity.

The company, which runs a no-fee trading app in the U.S. that’s drawing millions of new users as well as a few critics, said that daily average revenue trades -- known as DARTs -- were 4.31 million in June. That’s about four times the number of fee-generating trades at E*Trade Financial Corp. for the same period, and higher than all of its publicly traded rivals. Robinhood is among brokers that still use the DART term even though they don’t charge fees.