Robinhood assures that customers deposited a $ 6.5 billion record in April as active traders are trying to take advantage of the chaos from the market

• Robinhood has not always prospered During the periods of extreme volatility, but customers continued to go to the online commerce platform last month, even after the chaotic launch of President Donald Trump’s rates scared the markets.

The uncertainty and economic concern of trade have public companies in industries from airlines to fast food pull their appearance forward direction For investors. The Robinhood Online Broaker Platform offered a trusted perspective during the quarter Earnings call On Wednesday, however, with their dissemination to active traders who help promote the company in a Fort Abril despite the rates of President Donald Trump chaos on the bag.

Robinhood built its reputation As a slope of Silicon Valley, offering a negotiation without commissions that allowed adolescents and twenty-five years to invest using their smartphones. The current appetite of Retail investors It is closely monitored, but CEO Vlad Tenev said that the company has focused on serving the types of traders that are climbed in head. chopped markets.

“Unlike where the business was returned in 2022, where we focused predominantly on novice investors, the new approach to being the best platform for active merchants has made us more resistant at times like these,” he said. “Because we used to not have many mechanisms for the most sophisticated customers, who wanted to trade (inside) or in decline markets.”

Volatility has not always been Robinhood’s friend. While traders went to the platform during the Meme-stock mania From January 2021, record volumes pressed on the company’s financial plumbing. After a securities regulator arrived at Robinhood with a capital call of $ 3 billion, the company prevented investors from briefly buying Gamestop And other popular memories of the platform, which led to allegations that the company was colliding with short vendors.

The company’s IPO later showed a bust, and the shares dropped out of $ 38 at $ 78 by 2022, when the S&P 500 ended with 18% as the Federal Reserve dramatically increased interest rates to combat inflation.

But the shares are now quoted above the $ 45 brand, and the platform received a $ 6.5 billion record in clean deposits last month, despite the fact that the actions were on a wild walk. The chaotic launch of the Trump rate caused the S&P 500 sinking 19% of its maximum record in mid -February, only for the index to increase 9% on April 9, the best day since October 2008, when the President announced to 90 -day break In its “reciprocal tariffs”. A restless tranquility has been largely, as the administration claims that it is close to ensuring several important commercial offers.

Customers constantly used the platform throughout the month, said CFO Jason Warnick, with actions that were currently negotiated with a maximum of four years. Options negotiation is also approaching a highlight of all time, added and users’ balances on the margin, which involved money, were up to $ 8.4 billion compared to last year.

“So I would say that there is a force based on the commitment to the detail we are seeing,” Warnick said, “and all signs are positive throughout April.”

Robinhood also launched Futures Trading and expanded his prediction markets Business in the first quarter. The latter has made criticism and regulatory scrutiny due to similarities with gambling, but Tenev highlighted the two areas as sources of growth.

In April, about 4.5 million contracts were marketed, the CEO said that, more than the whole three months of the year, allowing customers to use the platform to take short positions for the first time.

“So it really is to open new behaviors and new negotiation styles for our active traders,” Tenev said.

Despite the optimistic comment, Robinhood’s shares dropped more than 2% Thursday. While the company exceeded expectations both at the top and down, revenue dropped to $ 927 million from a million dollar dollars by the end of last year. Crypt income It fell by $ 30% $ 252 million to $ 252 million in the same period, which a post -selection concentration in digital assets gave way to a historic route.

This story originally presented to Fortune.com