In brief
- Robinhood’s crypto trading volume rose 61% month over month to $17.5 billion in August, according to new operating data.
- The figure remains 38% below last August’s total.
- Event contracts, Robinhood’s prediction market bets, traded 4.7 billion times in August, roughly 15 times the volume from a year earlier, even as Congress moves to rein in the products.
Robinhood’s notional crypto trading volume—the total dollar value of all crypto assets bought and sold on the platform—rose 61% in August to $17.5 billion, according to operating data the company released Thursday.
The rebound followed a slow July, when volume sat at $10.9 billion. Even with the jump, August’s total came in 38% below the $28.1 billion Robinhood processed in…
