Robinhood Crypto Volume Up 61% in August, Down 38% YoY — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Robinhood reported crypto trading volume of $17.5 billion in August, up 61% from July but down 38% year-on-year
- Bitstamp accounted for $10.1 billion of August's total, surpassing the Robinhood app at $7.4 billion
- Robinhood app crypto volume rose 72% month-on-month but fell 46% from August 2025, while Bitstamp rose 53% MoM yet dropped 30% YoY
- In Q2, Bitstamp contributed $22 billion of Robinhood's $40 billion total crypto volume versus $18 billion from the app
- Robinhood's Q2 crypto transaction revenue fell 38% YoY to $100 million, but growth in event contracts, options and equities more than made up the gap, delivering record quarterly revenue and earnings
- Robinhood disclosed that crypto volume from its Robinhood Chain was not included in the August operating figures
Why it matters: Bitstamp — acquired just 14 months ago — now generates the majority of Robinhood's crypto trading volume, a structural shift in how the brokerage sources its crypto business. Yet every segment of that crypto activity (app -46% YoY, Bitstamp -30% YoY, Q2 revenue -38% YoY) confirms crypto remains in a deep slump, and Robinhood is leaning on options, equities, and event contracts to set earnings records.
Ask SkimNews
