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Robinhood Unveils Social Trading Hub and Legend Upgrades, Plans Retail Fund for Private Companies

Robust August metrics underpin a rally tied to new engagement tools.

Overview

  • At its HOOD Summit 2025, Robinhood introduced Robinhood Social, a trading-focused network where users can follow investors, share verified trades, and track market commentary.
  • Updates to the Robinhood Legend desktop platform include customized technical indicators and access to overnight index options for active traders.
  • Robinhood detailed Robinhood Ventures Fund I, a closed-end vehicle aiming to offer retail exposure to pre-IPO companies, which remains pending SEC approval with a planned NYSE ticker of RVI.
  • August operating data showed funded customers at 26.7 million (up 11% year over year), platform assets of $304 billion (up 112%), and $4.8 billion in monthly net deposits, with $53.3 billion over the past year (up 199%).
  • S&P Dow Jones Indices said Robinhood will join the S&P 500 upon Caesars Entertainment’s exit, while the stock has surged in 2025 and drew praise from Jim Cramer, who also cautioned about a potential near-term pullback.