Robinhood Markets reported 28.5 million funded customers at the end of July 2026, while monthly crypto trading volumes fell 33 percent month-over-month to $10.9 billion, highlighting the company’s ongoing struggle with cryptocurrency weakness even as it diversifies into new trading products.

The crypto decline contrasts sharply with strength in other areas. In the second quarter ended June 30, Robinhood posted record revenues of $1.31 billion, up 32 percent year-over-year, driven by surging demand for event contracts and options trading, according to the company’s July 29 earnings report.

Event contracts—prediction markets on real-world outcomes—emerged as Robinhood’s breakout business, generating $156 million in…