Robinhood’s crypto volume increases 61% in August, still down 38% YoY
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Robinhood's crypto trading volume increased 61% month-on-month to $17.5 billion in August 2026 but was still 38% lower than the same month in the previous year. Bitstamp, acquired by Robinhood in June 2025, contributed $10.1 billion of the August volume, while the Robinhood app accounted for $7.4 billion. Despite growth in trading volume compared to July, year-on-year figures remain down for both platforms.
Why it matters
The source suggests that while Robinhood is experiencing a recovery in crypto trading volume on a month-on-month basis, overall activity remains subdued compared to the previous year. This dynamic affects the company's crypto revenue, which declined year-on-year despite strong performance in other financial products, impacting Robinhood's broader revenue and earnings profile.
Key context
Robinhood acquired the crypto exchange Bitstamp in June 2025, which has since become a significant contributor to the company's total crypto trading volume. In the second quarter of 2026, Bitstamp generated $22 billion in trading volume, compared with $18 billion from the Robinhood app. Crypto transaction revenue in Q2 2026 was $100 million, down from about $160 million a year earlier, but gains in other trading areas offset this decline.
Key numbers and entities
Robinhood's crypto trading volume in August 2026 was $17.5 billion, with $10.1 billion from Bitstamp and $7.4 billion from the Robinhood app. Bitstamp’s volume increased 53% from July but decreased 30% year-on-year. The Robinhood app’s volume rose 72% month-on-month but fell 46% year-on-year. Crypto transaction revenue in Q2 2026 was $100 million, down 38% from the previous year. There is no inclusion of Robinhood Chain crypto volume in these figures.
What remains unclear
The report does not detail the reasons behind the year-on-year decline in crypto volume and revenue despite recent monthly growth. It also does not specify the relative contributions of different cryptocurrencies or user segments to the reported volumes. Additionally, the impact of Robinhood Chain’s excluded volume figures on overall metrics is not explained.