Robinhood crypto trading volume jumps 61% to $17.5 billion in August

  • Robinhood increased its crypto trading volume to $17.5 billion in August.
  • $10.1 billion of Robinhood’s August crypto volume was traded on Bitstamp.
  • Event-contract trading rose 15-fold to 4.7 billion as crypto volume fell year over year.

Robinhood’s crypto trading volume rose 61% month over month to $17.5 billion in August, including $10.1 billion on Bitstamp. Despite the monthly increase, crypto volume was still down 38% year over year. Trading in event contracts, which are tied to specified outcomes, increased 15-fold to 4.7 billion.

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