Robinhood crypto trading volume rises 61% in August, hitting $17.5 billion

Volume surge in August

Robinhood said its crypto trading volume grew 61% month‑over‑month to $17.5 billion in August. The jump followed a slower July, when volume was $10.9 billion.

Even with the increase, August’s total is 38% lower than the $28.1 billion processed in the same month last year.

Key numbers

• Crypto volume: $17.5 billion (up 61% from July)
• App‑handled volume: $7.4 billion (up 72% from July, down 46% YoY)
• Bitstamp volume: $10.1 billion (up 53% MoM)
• Event contracts traded: 4.7 billion (about 15× year‑earlier level)
• Platform assets: $384 billion (up 26% YoY)
• Funded customers: 28.6 million
• Margin loans: $21.5 billion (up 72% YoY)

Data source

Robinhood released the operating data on Thursday, which includes the figures above.

Confirmed facts

• The company’s crypto trading volume for August was $17.5 billion.
• Event contracts, the platform’s prediction‑market bets, were traded 4.7 billion times in August.
• Robinhood’s own blockchain layer, Robinhood Chain, logged $1.6 billion in daily DEX volume on September 1.
• Robinhood shares fell 0.83% on the day the data was released.

Why it matters

The rise shows renewed activity on Robinhood’s crypto platform after a dip in July. Event contracts now generate more transaction revenue than crypto, indicating a shift toward prediction‑market betting.

What’s next

Robinhood’s next quarterly earnings report is scheduled for November 4.

Sources

• Decrypt