Robinhood Soars Over 11% as Trading Volume and Assets Surge in February

Robinhood shares jumped over 11% in premarket trading on Thursday after reporting increased user activity in February
Equity trading volume rose 36% to $80.9 billion and crypto trading volumes grew 10% to $6.5 billion month-over-month
Total assets under custody increased 16% from January to $118.7 billion at end of February
Broker Bernstein initiated coverage of Robinhood stock with an outperform rating and $30 price target
Bernstein cited expected tripling of crypto market cap to $7.5 trillion by 2025 as reason for bullish call