Robin Hood HOOD reported a 95% monthly increase in cryptocurrency trading volume in January, with total volume hitting a whopping $3.7 billion.

What happened: Notional trading volume was the main driver of transaction revenue in January and was significantly higher than in December. Stocks hit $46 billion, up 19%, while options contracts rose 10% to $82.9 million.

Monthly Active Users (MAU) occur at the end of January Robin Hood reached 12 million, 600,000 more than in December – a 5% increase. Assets under custody (AUC) rose to $74.7 billion, up 20% from the end of December.

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In the fourth quarter earnings call Robinhood reported an 11% decline in transaction-based revenue to $186 million.

Additionally, option transaction revenue remained flat, while cryptocurrency and stock transaction revenue fell by 24% and 32%, respectively.

The online brokerage also allows retail investors to make recurring investments in cryptocurrencies such as Bitcoin BTC/USD, ether ETH/USD And Dogecoins DOGE/USD on his platform.

Robin Hood said its board also approved the purchase of the 55 million shares it had previously purchased Emerging Fidelity Technologiesin connection with an interest in the company owned by FTX‘s disgraced co-founder and former CEO, Sam Bankman Fried.

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