Robinhood Crypto Trading Volume Jumps 61% in August — SkimNews
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- Robinhood crypto trading volume jumped 61% month-over-month to $17.5 billion in August, though the figure remains 38% below the $28.1 billion posted in the same month a year earlier.
- Event contracts — simple yes/no wagers on outcomes like Federal Reserve decisions or football games — traded 4.7 billion times in August, roughly 15 times the 300 million contracts from August 2025 and the breakout product behind $156 million in revenue last quarter, which overtook crypto as the company's largest transaction income source.
- Bitstamp, the exchange Robinhood acquired in 2025, contributed $10.1 billion of August's crypto volume (up 53% MoM), while the Robinhood app itself handled $7.4 billion (up 72% MoM); the two platforms together averaged $565 million a day.
- Robinhood Chain, the company's Ethereum layer-2 network, logged $1.6 billion in daily decentralized-exchange trading volume as of September 1 — up 61% in just four days.
- Total platform assets reached $384 billion (up 26% YoY), with 28.6 million funded customers and margin loans climbing 72% YoY to $21.5 billion.
- HOOD shares slipped 0.83% on Thursday despite the operational strength, as lawmakers introduced more than 10 bills since January — including the PREDICT Act — to restrict prediction markets, even though analysts at Mizuho and StoneX raised their price targets.
Why it matters: Event-contract revenue ($156 million last quarter) has overtaken crypto as Robinhood's top transaction income source, while Congress now has more than 10 bills targeting that same product. HOOD slipped 0.83% on the day despite analyst upgrades from Mizuho and StoneX, exposing how regulatory pressure now sits on the very business line that drove the company's record quarter.
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