NEW YORK, July 1, 2026, 19:04 EDT—Robinhood Markets NASDAQ:HOOD is closing in on a $100 billion market cap after the company said its trading run rate for June beat May.
- Robinhood Markets, Inc. NASDAQ:HOOD jumped 8.35% to $108.65. That put its market cap at $99.4 billion.
- The quoted value was around $15.4 billion higher than the combined market caps of Coinbase Global, Inc. NASDAQ:COIN and Interactive Brokers Group, Inc. NASDAQ:IBKR, using latest market data.
- From June 1-25, Robinhood saw higher volumes in equity, options, crypto, and event contracts than it did for the whole month of May.
- Robinhood said it’s added EU commodity, ETF and FX perpetuals. UK crypto is coming, according to the company. Robinhood Earn has started to roll out and the platform is now live in Canada.
Robinhood Markets, Inc. NASDAQ:HOOD surged 8.35% to $108.65 Wednesday, bucking the market as SPDR S&P 500 ETF Trust (NYSEARCA:SPY) edged down 0.12% and Invesco QQQ Trust, Series 1 NASDAQ:QQQ slipped 1.51%. Coinbase Global, Inc. NASDAQ:COIN added 8.91%, while Bitcoin (BTC) picked up 3.01%.
Robinhood’s market cap hit $99.4 billion, trading about 18% above the combined value of Coinbase and Interactive Brokers Group, Inc. NASDAQ:IBKR. That still puts it below Charles Schwab Corporation NYSE:SCHW at $167.8 billion. The gap between Robinhood and the old-line brokers has closed quickly.
| Asset | Latest price | Day move | Market value / tape note |
|---|---|---|---|
| Robinhood Markets, Inc. NASDAQ:HOOD | $108.65 | up 8.35% | $99.4 bln; 28.1 mln shares traded |
| Coinbase Global, Inc. NASDAQ:COIN | $159.24 | gained 8.91% | $42.2 bln market cap |
| Interactive Brokers Group, Inc. NASDAQ:IBKR | $93.25 | rose 7.09% | valued at $41.8 bln |
| Charles Schwab Corporation NYSE:SCHW | $95.78 | added 3.82% | $167.8 bln market value |
| SPDR S&P 500 ETF Trust (NYSEARCA:SPY) | $745.76 | off 0.12% | 47.1 mln shares moved |
| Invesco QQQ Trust, Series 1 NASDAQ:QQQ | $725.17 | fell 1.51% | 40.7 mln shares |
| Bitcoin (BTC) | $60,286 | gained 3.01% | range $57,891-$61,030 |
The operational side hasn’t shown up in the stock yet. Robinhood’s trading volumes from June 1 to 25 already beat all of May’s levels for every category the company reports, even before the month ended. These numbers are internal estimates and still early.
| Robinhood metric | May 2026 | June 1-25 | June MTD vs full May |
|---|---|---|---|
| Equity notional trading volume | $315.3 bln | ~$343 bln | +8.8% |
| Options contracts traded | 231.1 mln | ~274 mln | +18.6% |
| Crypto notional trading volume | $12.2 bln | ~$14 bln | +14.8% |
| Event contracts traded | 3.9 bln | ~5.2 bln | +33.3% |
This matters since Robinhood doesn’t just rely on stock trades anymore. In Q1, “other transaction revenue”—mainly event contracts, according to the company—came in at $147 million, topping crypto revenue at $134 million. Crypto was down 47% from a year ago. Other transaction revenue jumped 320%. Robinhood Markets, Inc.
Robinhood is adding more products. Reuters said Wednesday that the broker will start crypto trading in the UK and let eligible European users trade perpetual futures on commodities, ETFs and FX with up to 10x leverage. Robinhood listed new European perpetuals as GOLD, SILVER, QQQ, EUR/USD, WTI, Brent crude and EWY.
Robinhood said stock tokens can be accessed in its Wallet app in over 120 countries, and U.S. users who qualify can use Robinhood Earn to lend USDG with a self-custody wallet at around 7% APY. The company said it entered Canada after the WonderFi deal and received a Singapore capital-markets-services license.
Johann Kerbrat, who leads crypto and international at Robinhood, said, “Decentralized finance unlocks possibilities beyond what traditional finance can offer.” He also told Barron’s, “We want to extend this vision to the rest of the world.” Robinhood
Robinhood’s growth story also has a financing angle. The company wrapped up a $2.2 billion 0.00% convertible note sale on June 25, then spent about $290 million buying back 2.743 million shares and $123.2 million on capped calls. CFO Shiv Verma said the transaction gives Robinhood “even more strategic flexibility to invest for future growth.” Robinhood said there will be no net dilution from the deal unless shares rise above $303.95 after the buyback. Robinhood Markets, Inc.
Robinhood warns that the same products getting investor interest carry the most risk. The company calls its EU perpetual futures complex derivatives and says using leverage can make losses worse. Robinhood also describes its stock tokens as tokenised debt securities that don’t give holders legal or beneficial rights to the stocks underneath. The stock tokens aren’t offered in the U.S. or to Americans.
Robinhood said full operating numbers for June 2026 are coming with its Q2 earnings report.
