Robinhood Reports $25 Billion February Crypto Volume

According to Robinhood’s monthly operating report, February crypto trading volume rose 74% year over year to $25 billion as funded users, platform assets, and net deposits also increased.

Summary

Robinhood said in its monthly operating report that February crypto trading volume reached $25 billion, up 74% from a year earlier. The company also reported 27.4 million paid users, total platform assets of $314 billion, and net deposits of $5.6 billion. The update centers on Robinhood’s latest operating metrics and does not include the previously stated breakdown between the Robinhood App and Bitstamp in the new source content.

Terms & Concepts
  • Crypto trading volume: The total value of cryptocurrency trades executed on a platform over a set period, commonly used to gauge trading activity and user engagement.
  • Net deposits: The net amount of customer funds added to a platform after subtracting withdrawals during a reporting period.