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Robinhood’s July Crypto Trading Volume Tumbles 62% as Bear Market Drags On

Robinhood’s July Crypto Trading Volume Tumbles 62% as Bear Market Drags On

  • Robinhood’s cryptocurrency trading volume last month plunged 62% from a year earlier as the crypto bear market continued.
  • Cryptocurrency trading volume on the Robinhood app fell 74% from a year earlier and 33% from the previous month.
  • Stock trading volume, options volume, total platform assets and the number of users all increased from a year earlier.

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Photo: Shutterstock
Photo: Shutterstock

Robinhood’s cryptocurrency trading volume sank more than 60% in July from a year earlier as the crypto bear market weighed on activity.

BlockBeats reported on Aug. 13 that Robinhood’s crypto trading volume totaled about $10.9 billion last month, down 62% from a year earlier.

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