$Robinhood Markets(HOOD)$ [Is $85 not the end? Robinhood is building a "financial super app" ecosystem]

Last night, HOOD's stock price rose to $85.55 during trading, setting a new historical high. On the surface, a promotional campaign for assets called "Crypto Match" ignited market enthusiasm: from June 24 to July 7, users could receive a 1% subsidy for net transfers of crypto assets, and if the platform's total net inflow exceeded $500 million, the subsidy would increase to 2%. On the first day of the campaign alone, it attracted over $14 million in net inflow.

But if we only understand this round of price increase as a short-term "Crypto market trend", we may underestimate the deep structural changes in Robinhood's business. At the recently concluded annual shareholders' meeting, Robinhood revealed three structural growth paths:

🔹 Predictive Contracts: Since its launch, the trading volume has exceeded 1.5 billion contracts. It is a "lightweight option" introduced by Robinhood, supporting cross-asset trading, with simple operations and high frequency, bringing a new source of transaction fees to the platform.

🔹 Pension + Strategy Account: Retirement account assets have surpassed 18 billion USD, strategy account managed assets amount to 350 million USD, users' funds remain longer, and the platform achieves stable and high-quality returns through interest income and management fees.

🔹 Gold Credit Card: Aiming to reach 300,000 cardholders by mid-year, featuring 3% cashback, no annual fee, and no foreign exchange fees, starting to penetrate payment scenarios, while integrating investment and consumption scenarios to provide stable card swipe income (Interchange fee).

In addition, Robinhood has also disclosed that 65% of customer service requests are handled automatically by AI, and operational efficiency is making a leap.

From the options market perspective, the 30-day implied volatility is only 61.1%, which is at a year-to-date low, and the Put/Call ratio is 0.36, indicating that market sentiment is clearly bullish. It is worth noting that funds have shifted from short-term trading to cross-quarter contracts, with bullish expectations transitioning from trading behavior to the pricing of Robinhood's structural upgrades.

📌 Robinhood is evolving from a "trading platform" into a financial super app that integrates investment, payment, asset management, and AI services.

The content is for communication purposes only and does not constitute investment advice.

#Robinhood: