Robinhood Crypto Trading Volume Jumps 61% in August

Robinhood reported a 61% month-over-month rise in crypto notional trading volume to $17.5 billion in August, though that figure remains about 38% below the same month a year earlier. The company's prediction-market event contracts showed explosive growth, and other metrics such as platform assets and margin loans also increased year over year.

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Robinhood Crypto Trading Volume Jumps 61% in August

Why It Matters

The results show crypto activity recovering from a slow July but still lagging 2025 levels, while event contracts and the firm's blockchain initiatives are emerging as faster-growing revenue and activity drivers — developments that have attracted regulatory attention and investor scrutiny.

Key Facts

August crypto notional trading volume: $17.5 billion (up 61% month over month)
August 2025 crypto trading for comparison: $28.1 billion (38% higher than August 2026)
Robinhood app crypto volume (August): $7.4 billion (up 72% month over month; down 46% year over year)
Bitstamp crypto volume contribution (August): $10.1 billion (up 53% month over month)
Average daily crypto trading (August): $565 million per day (combined)

Robinhood said its crypto notional trading volume climbed 61% month over month to $17.5 billion in August, reversing a weak July when volume totaled $10.9 billion. Despite the rebound, August's activity remained substantially lower than a year earlier, when the platform processed $28.1 billion in crypto trades.

The split between the firm's channels showed differing recoveries: the Robinhood app handled $7.4 billion of August crypto volume — a 72% increase from July but a 46% decline versus last August — while Bitstamp, the exchange Robinhood acquired in 2025, accounted for $10.1 billion, up 53% month over month. Together the two platforms averaged about $565 million in crypto trading each day during the month.

Crypto is one piece of broader platform growth. Total platform assets reached $384 billion, a 26% increase year over year, and funded customers — defined as users with at least one transaction in the past 45 days — grew to 28.6 million. Margin loans on the platform rose to $21.5 billion, up 72% from the prior year.

Event contracts, Robinhood’s prediction-market products, showed the most dramatic expansion. Contracts traded 4.7 billion times in August: down 23% from July but roughly fifteen times the 300 million contracts traded in August 2025. Robinhood reported that event-contract revenue surged in July, reaching $156 million for the quarter and overtaking crypto as a source of transaction income. The company runs those products through partners Kalshi and ForecastEx as well as its joint venture Rothera, which had processed more than 3.5 billion contracts since launching in June.

The growth in prediction markets has drawn attention from lawmakers, with more than ten bills introduced since January aimed at restricting such products, including the PREDICT Act, which would bar senior officials from trading contracts tied to political events. Robinhood's blockchain efforts are also expanding: Robinhood Chain, its Ethereum layer 2, recorded $1.6 billion in daily decentralized-exchange trading volume as of September 1, rising 61% over four days. After the operating-data release, Robinhood shares slipped about 0.83%, even as some analysts raised price targets; the company’s next quarterly earnings report is scheduled for November 4.