New York, May 31, 2026, 10:01 (EDT)
- Robinhood finished Friday at $94.30, gaining 11.15% for the session and up around 28% compared to last Friday’s close.
- The rally picked up after new U.S. action on crypto derivatives, Trump Accounts went live, and Robinhood began its AI-agent trading rollout.
- Robinhood’s annual meeting is on the calendar for next week, with Piper Sandler set to appear and the May U.S. jobs report coming too.
Robinhood Markets shares surged at the end of the shortened U.S. trading week, finishing Friday at $94.30, up 11.15% for the day. The stock posted gains all four sessions after Memorial Day, jumping about 28% from last Friday’s $73.64 close.
The timing could play a role here. U.S. cash equities aren’t open on Sunday. Regular NYSE trading will start again at 9:30 a.m. ET Monday and runs to 4 p.m. ET, so investors will come back to a stock that’s been repriced by crypto action, public-sector flows, and fast-moving AI-fueled retail trading.
CFTC issues policy on perps; Coinbase, Kalshi launch regulated crypto futures for U.S. The CFTC on Friday released a policy statement on perpetual contracts, as Coinbase and Kalshi announced plans to roll out regulated crypto perpetual futures for U.S. investors. Perpetual futures, or “perps,” are derivatives that don’t have a set expiration. They also let traders use leverage, which can bump up profits or losses. CFTC
This isn’t direct approval for Robinhood. The launches mentioned were Coinbase and Kalshi. The CFTC said any new perpetual products not already on its list will need to be looked at one by one. Even so, the update pushed some demand into crypto-linked brokerage names, a space where Robinhood is frequently seen as a gauge for retail traders.
Robinhood said earlier this week that the Trump Accounts app is now available for download. Children born from 2025 to 2028 who meet the requirements will get a $1,000 initial contribution from the U.S. Treasury, with account activation and funding to begin on July 4. Robinhood Securities will act as the initial trustee for Treasury.
Robinhood is moving deeper into AI. The company said its customers will be able to use AI agents to trade stocks inside a dedicated account and to buy things with a virtual Robinhood Gold credit card. These AI agents can plan and act on behalf of users, not just answer prompts. “I think our audience right now is the early adopters of agents,” Abhishek Fatehpuria, vice president of product management for brokerage at Robinhood, told Reuters. Reuters
Robinhood said the feature only works for equities trading for now, but plans are in place to add derivatives, crypto and prediction markets. Reuters reported that users can put spending limits on the service and need to give manual approval before any purchases.
Robinhood posted stronger April operating numbers as the product news arrived. The company said it had 27.6 million funded customers at the end of April and total platform assets of $345.4 billion. Equity notional trading hit $248.5 billion, with 224.8 million options contracts traded. Crypto volume was mixed. Notional crypto trading on the Robinhood App dropped 37% from a year ago, but total crypto volume was up after adding Bitstamp.
Risks remain for Robinhood. The company’s Q1 profit missed estimates as transaction-based revenue lagged, and crypto revenue slumped 47% to $134 million year-over-year. Reuters said the take rate in options and crypto was also lower than expected. “This is a good company with a great story, but a messy earnings profile,” said David Bartosiak, stock strategist at Zacks Investment Research. Reuters
Product risk stands out too. Perps can swing sharply against retail when leverage goes the wrong direction, and AI-agent trading raises another issue — it’s not clear how much control customers will have if software handles trades or spending. If regulators start to slow new product launches, if crypto trading volumes drop again, or if users stay wary of AI, this week’s gains might not hold.
Robinhood shareholders will get updates next week, with the 2026 annual meeting set for June 2 at 1:00 p.m. EDT. Chief Brokerage Officer Steve Quirk is due to appear at the Piper Sandler Global Exchange and Fintech Conference on June 4 at 3:00 p.m. EDT.
Macro could be just as important now. The May U.S. payrolls report comes out June 5. A Reuters poll saw 85,000 jobs and a 4.3% unemployment rate. Liz Ann Sonders, chief investment strategist at Schwab, told Reuters a strong jobs number with rising inflation could push the Fed to reconsider its path, but weak numbers could take pressure off.
