NEW YORK, March 4, 2026, 18:23 (EST)
- Robinhood shares rose about 8% ahead of a “Take Flight” product keynote in New York.
- CFO Shiv Verma said February net deposits topped $5.5 billion and trading stayed active despite volatility.
- A rebound in bitcoin helped lift crypto-linked stocks, including Robinhood and Coinbase.
Robinhood Markets, Inc. (HOOD) shares were up about 8% on Wednesday as the company prepared a product keynote at New York’s JFK Airport, with CEO Vlad Tenev set to unveil new offerings. Robinhood said it would “introduce a new wave of products designed to help customers build, grow, and plan wealth across every stage of life” in a livestream starting at 7:30 p.m. ET. 1
The timing matters because Robinhood is trying to widen out from a trading-led business that can swing hard with market volumes. New products are supposed to pull in steadier customer money and make accounts stickier, even when crypto and options cool.
At a Citizens JMP Technology Conference session on Monday, CFO Shiv Verma said customers “tend to be net buyers” and “lean in” when markets get rough. “Our North Star is Net Deposits” — customer cash and securities moving in, minus withdrawals — and February brought more than $5.5 billion, taking the year-to-date total above $10 billion, he said. Verma also said the company would publish full monthly metrics “in a week or so,” and argued it is at the start of a “prediction market supercycle” — prediction markets are venues where traders buy and sell contracts on the outcome of events. 2
Robinhood has been stacking products on top of its core brokerage app, including a Gold credit card, crypto staking, index options and prediction markets, and more recently wealth management and tokenized assets — blockchain-based representations of real-world assets, Investopedia reported. The company is now aiming to bring private investments to public markets, the report said. Cathie Wood’s ARK Investment Management bought nearly 160,000 Robinhood shares across three funds on Tuesday, and eight of nine analysts tracked by Visible Alpha rate the stock a “buy,” with an average target of $117.60, the report added. 3
Crypto did some of the lifting on Wednesday too. Bitcoin ran up to as high as $74,000, with U.S. President Donald Trump urging progress on the Clarity Act, which aims to set clearer lines for whether crypto tokens are treated as securities or commodities. “The Banks should not be trying to undercut the Genius Act,” Trump wrote, as the debate over stablecoin rewards — yields paid on dollar-pegged tokens — flared again. Fundstrat’s head of digital asset strategy, Sean Farrell, called the move “likely a rally to rent rather than own.” 4
In premarket trading, bitcoin was up 4.8% at $71,277.82, while shares of Coinbase rose 6% and Strategy advanced 7.2%, Investing.com reported. Robinhood shares were up 4.3% in that premarket snapshot. 5
Robinhood is coming off a quarter where crypto was a drag. In February, the company posted fourth-quarter revenue of $1.28 billion, missing analysts’ $1.34 billion estimate, after crypto trading revenue came in at $221 million versus expectations of $248 million, Reuters reported. Shiv Verma told Reuters at the time that heavy crypto traders were on cheaper tiers: “For those customers that trade a lot, they’re on the lower tier.” 6
Prediction markets and private-market access are part of the same bet: keep users trading even when stocks are dull, and give the app new reasons to hold more customer assets. That also puts Robinhood closer to firms like Coinbase on crypto products, while it tries to look more like a full-service broker on investing and wealth tools.
But product keynotes can backfire if they feel like a teaser trailer. If rollout dates are vague or the economics are unclear, investors who bought the run-up can just as quickly sell it back.
The other variable is outside Robinhood’s control: crypto prices, and the rules around them. Any shift in regulatory momentum on tokenization, event contracts or stablecoins could change how fast Robinhood can ship what it is promising tonight.
