Robinhood crypto trading volume jumps 61% in August

Robinhood’s August operating data show a sharp rebound in crypto trading after a subdued July. Notional crypto volume rose from $10.9 billion in July to $17.5 billion in August, a 61% increase month‑over‑month.

Bitstamp leads the surge

Bitstamp, which Robinhood acquired in 2025, processed $10.1 billion of the August total, accounting for roughly 58% of all crypto trades. Volume on the exchange grew 53% from July.

App‑based trading still significant

The Robinhood app generated $7.4 billion in crypto volume, up 72% from July but down 46% from the same month a year earlier. Combined, the app and Bitstamp averaged about $565 million in daily crypto turnover during August.

Overall platform growth

Total platform assets reached $384 billion, a 26% increase year‑over‑year, and funded customers grew to 28.6 million. Margin balances rose to $21.5 billion, reflecting a 72% year‑over‑year increase in borrowed funds.

Event‑contract activity expands

Customers traded 4.7 billion event contracts in August, roughly 15 times the volume recorded in August 2025. Although contract volume fell 23% from July, it remains a fast‑growing revenue source, outpacing crypto transaction revenue for the quarter.

Regulatory attention on prediction markets

U.S. lawmakers are reviewing event‑contract products, with multiple bills introduced to restrict trading by public officials and clarify regulatory jurisdiction.

Robinhood Chain activity

Robinhood’s Ethereum layer‑2 network, Robinhood Chain, recorded about $1.6 billion in daily DEX volume shortly after its mainnet launch, despite a brief 14‑minute outage on September 4.

Market reaction

Following the operating update, Robinhood shares closed 0.83% lower, even as analysts raised price targets ahead of the next earnings report scheduled for November 4.