Robinhood’s crypto volume increases 61% in August, still down 38% YoY
60-second summary
Robinhood reports a 61% surge in August crypto trading volume, reaching $10.1 billion largely driven by Bitstamp, yet overall app volume remains 46% lower than a year ago, marking a 38% YoY decline; the mixed performance highlights growing institutional partnership benefits while indicating persistent retail weakness, suggesting future volatility in market share competition.
Bitstamp accounted for $10.1 billion of Robinhood’s August crypto volume, while trading on the Robinhood app fell 46% from a year earlier.