Robinhood's margin balance more than doubled as South Korea curbed leveraged funds, while Allied Gold's full sale became a 9.2 percent stake.
Robinhood's margin balance lent to customers rose 127 percent year on year to $21.6 billion. Second-quarter net revenue increased 32 percent to $1.31 billion, and net income rose 48 percent to $573 million. Transaction revenue grew 44 percent while cryptocurrency revenue fell 38 percent. The margin balance is the company's own measure of customer credit exposure in its results release.[1]
South Korea's Financial Services Commission brought single-stock leveraged-fund rules forward to 31 July, raised the minimum deposit to 30 million won, stopped new listings and required the deposit in cash. In a separate transaction, Allied Gold and Zijin Gold ended their full acquisition agreement. They replaced it with an investment of about $295 million that would give Zijin a 9.2 percent minority stake if completed.[2], [3]
Robinhood's figure captures market positions that retail customers enlarge with borrowed money. Korea raises the entry threshold for concentrated leverage, while the Allied Gold transaction replaces a full transfer of ownership with a smaller, restricted stake at company level. These are not one market or causal chain. Together they show how actors can narrow the scope, collateral terms or ownership share of a capital commitment without abandoning it entirely when volatility or completion uncertainty rises.[1], [2], [3]
