Robinhood Trust Accounts Explode with Over $150M in Deposits

Robinhood's Trust Accounts have seen significant interest since their launch in August, according to CEO Vlad Tenev. Over $150 million has been deposited into these accounts, with an average balance of about $500,000.

The company's growth is not limited to its trust accounts. Robinhood Chain, a permissionless Ethereum Layer-2 blockchain built on Arbitrum technology, has recorded $34.6 billion in total DEX trading volume and $1.27 billion in total value locked (TVL) just two months after launch.

Angel investor Jason Calacanis, who has been bullish on HOOD stock since his early investment, revealed that he has never sold a single share of the company's stock. He even set a price target of $1,500 by 2036.