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Robinhood's cryptocurrency trading volume increased 61% in August, still down 38% year-on-year

2026-09-11 21:29:51
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Robinhood's cryptocurrency trading volume increased by 61% month-on-month in August, but still fell year-on-year.

Online brokerage Robinhood's August 2026 monthly operating report released on Thursday showed that the company's total cryptocurrency trading volume in August reached US$17.5 billion, a month-on-month increase of 61%. However, this number was still down 38% from the same period last year.

Details of transaction volume by platform

Data shows that Bitstamp contributed US$10.1 billion in transaction volume, while the Robinhood application contributed US$7.4 billion. Among them, Bitstamp's transaction volume increased by 53% compared with July, but dropped by 30% year-on-year;Robinhood app transaction volume increased significantly by 72% month-on-month, but dropped by 46% compared with August 2025.

Post-acquisition integration performance

Robinhood acquired cryptocurrency exchange Bitstamp in June 2025. In the second quarter, Bitstamp was also a major contributor to the company's crypto business, with $22 billion in transaction volume accounting for the vast majority of Robinhood's total transaction volume of $40 billion, compared with the Robinhood app contributing only $18 billion.

Revenue and Earnings

Despite pressure on crypto trading revenue, revenue from this component fell 38% year-on-year in the second quarter to US$100 million (approximately US$160 million in the same period last year). However, growth in the event contracts, options and equity businesses largely offset the decline, helping the broker hit record highs in quarterly revenue and profit.

Other Notes

The August report noted that the above statistics did not include transaction volume from Robinhood Chain. According to Bernstein analysis, Robinhood Chain expects to generate $160 million in annual expense revenue by 2028.

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