Robinhood’s crypto volume increases 61% in August, still down 38% YoY — SkimNews
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- Robinhood reported crypto trading volume of $17.5 billion in August, up 61% from July but still down 38% versus August 2025.
- Bitstamp accounted for $10.1 billion — roughly 58% — of August's crypto volume, while the legacy Robinhood app contributed $7.4 billion.
- Bitstamp's volume rose 53% month-over-month but fell 30% year-on-year, whereas the Robinhood app's crypto volume jumped 72% from July yet dropped 46% from a year earlier.
- Robinhood acquired Bitstamp in June 2025, and the exchange contributed $22 billion of the company's $40 billion total crypto volume in Q2 — roughly 55%.
- Robinhood's crypto transaction revenue fell 38% year-on-year to $100 million in Q2, down from about $160 million a year earlier.
- Growth in event contracts, options, and equities offset the crypto decline, allowing Robinhood to post record quarterly revenue and earnings in Q2.
- The August figures exclude any crypto volume transacted on the Robinhood Chain.
Why it matters: The 61% monthly rebound masks a stark structural shift: the core Robinhood app's crypto volume is down 46% year-on-year, and crypto transaction revenue has cratered 38% since Q2 2024. Bitstamp — the exchange Robinhood acquired in June 2025 — is now propping up the headline number, contributing roughly 58% of August's crypto volume and 55% of Q2's. This means organic retail crypto engagement at Robinhood has halved in a year, even as the brokerage's diversified product mix lifts overall records.
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