Robinhood CEO Says Trust Accounts Surpass $150 Million in Deposits

Robinhood CEO Vlad Tenev said on X that the company began by serving a new generation of first-time investors. According to Odaily, he said customer deposits into its Trust Accounts have topped $150 million within weeks of launch, with average account assets of about $500,000. Tenev said Robinhood wants to serve customers throughout their financial lives.