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Robinhood margin loans hit $21.6B, up 127% year over year

  • —Robinhood margin loans hit a record $21.6B at end of Q2 2026
  • —Balance up 127% compared with the same period last year
  • —End-July balance fell 4% to $20.7B
  • —End-August balance rose to $21.5B, up 72% year over year
Why it matters: Surging margin balances signal rising retail risk appetite, which could amplify volatility if markets reverse.
Source: TokenPost