NEW YORK, March 4, 2026, 18:23 (EST)
- Robinhood shares climbed roughly 8% before the “Take Flight” product keynote event in New York.
- CFO Shiv Verma said net deposits for February came in above $5.5 billion, with trading volumes holding up even as volatility persisted.
- Bitcoin’s bounce gave a shot in the arm to crypto-related names like Robinhood and Coinbase.
Robinhood Markets, Inc. (HOOD) climbed roughly 8% Wednesday, ahead of a product keynote at New York’s JFK Airport where CEO Vlad Tenev plans to roll out new features. The company said it would “introduce a new wave of products designed to help customers build, grow, and plan wealth across every stage of life,” with the livestream set for 7:30 p.m. ET. Investopedia
Timing’s key here. Robinhood wants to break out of its trading-heavy mold—market volume swings still hit hard. The company’s banking on new offerings to attract more stable client cash, hoping that will keep accounts around, whether or not crypto and options are running hot.
Speaking Monday at the Citizens JMP Technology Conference, CFO Shiv Verma told attendees that customers “tend to be net buyers” and “lean in” when markets turn choppy. “Our North Star is Net Deposits”—the figure tracking customer cash and securities flowing in, less withdrawals. According to Verma, February added over $5.5 billion, pushing the year-to-date total past $10 billion. He mentioned the company plans to release a full set of monthly metrics “in a week or so,” and described the current moment as the beginning of a “prediction market supercycle.” Prediction markets, he explained, let traders buy and sell contracts on future event outcomes. Investing
Robinhood has kept piling on new features beyond its main brokerage platform — a Gold credit card, crypto staking, index options, prediction markets. Lately, the lineup’s grown to include wealth management and tokenized assets, according to Investopedia. The same report notes Robinhood’s push to open up private investments to the public. ARK Investment Management, led by Cathie Wood, snapped up close to 160,000 Robinhood shares on Tuesday across three of its funds. Out of nine analysts tracked by Visible Alpha, eight call the stock a “buy,” with the average target price parked at $117.60, Investopedia said. Investopedia
Crypto helped drive gains on Wednesday, with Bitcoin jumping up to $74,000. U.S. President Donald Trump weighed in, pushing for the Clarity Act—which would sharpen definitions on whether tokens fall under securities or commodities rules. “The Banks should not be trying to undercut the Genius Act,” Trump posted, as the conversation around stablecoin yields—returns offered on tokens tied to the dollar—heated back up. Fundstrat digital asset strategist Sean Farrell called this surge “likely a rally to rent rather than own.” Investopedia
Bitcoin climbed 4.8% to $71,277.82 ahead of the open, with Coinbase tacking on 6% and Strategy gaining 7.2%, according to Investing.com. Robinhood also moved higher, up 4.3% in premarket action.
Robinhood’s latest quarter saw crypto weighing on results. Back in February, the company reported fourth-quarter revenue of $1.28 billion—short of analysts’ forecast for $1.34 billion. Crypto trading brought in $221 million, falling shy of the expected $248 million, according to Reuters. At the time, Shiv Verma told Reuters that customers who trade frequently tend to be on the platform’s lower pricing tier: “For those customers that trade a lot, they’re on the lower tier.” Reuters
Prediction markets, private-market access—both play into the same strategy: keep users active when equities lose their spark, and offer the app more hooks to retain client assets. This shift edges Robinhood nearer to crypto outfits such as Coinbase, even as it pushes to resemble a full-service broker with broader investing and wealth features.
Product keynotes sometimes flop when they come off as more teaser than substance. Give investors fuzzy rollout timelines or leave the economic math murky, and those who piled in ahead of the event may just dump their shares just as fast.
Then there’s what Robinhood can’t steer: crypto prices and the regulatory backdrop. Changes in rules for tokenization, event contracts, or stablecoins—any of those could speed up or slow down how quickly Robinhood delivers on what it’s pitching tonight.
