Robinhood has reported that its 24-hour trading platform, known as the “Robinhood 24 Hour Market,” has surpassed a staggering $10 billion in total overnight trading volume since its launch last year. This milestone underscores the growing demand for extended trading hours among retail investors.

The platform, introduced in May 2023 and initially available to US clients, has experienced a significant shift in trading patterns. According to Robinhood’s recent report, as much as 25% of the total daily trading volume occurred during the overnight session on the busiest days. This surge in activity outside traditional market hours highlights the changing landscape of retail investing.

“We believe the future of investing is here, and it’s around the clock,” stated the company in an official press release. “Over the past several weeks and months, we’ve seen a significant shift in 24 hour Market trading activity and a notable increase in adoption by Robinhood customers outside of traditional market hours.”

Robinhood 24 Hour Market Overnight Trading Volume

The average daily trading volume during the overnight session has consistently grown every month since September 2023, reaching its peak in February 2024. February recorded the highest average daily trading volume for the overnight session, with levels 1.6 times higher than January, twice as high as December, and 2.6 times higher than November.

A notable milestone was achieved on the evening of March 3 into the morning of March 4, marking the single biggest trading day in terms of overnight volume. This further emphasizes the platform’s popularity and the increasing appetite for 24/7 trading among retail investors.

Robinhood has democratically expanded the number of symbols available for overnight trading in the US to 922, encompassing some of the most traded ETFs and individual stocks. This move empowers investors to trade on their own schedules, irrespective of traditional market hours.

The Robinhood 24 Hour Market, operational from 8:00 pm ET on Sunday to 8:00 pm ET on Friday, offers investors flexibility by allowing them to execute trades at their convenience. The user-friendly Robinhood app enables customers to place limit orders, set trading hours, and determine the number of shares they wish to buy or sell, making it a significant player in the evolving landscape of retail investing.

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