Robinhood’s crypto trading activity jumped in August, with trading volume rising 61% from July to $17.5 billion.
The increase came after a slower July, when crypto trading volume stood at $10.9 billion. However, August activity was still 38% lower than the $28.1 billion recorded in August 2025.
Bitstamp handled most of the August volume, processing $10.1 billion in crypto trades. Robinhood’s main app accounted for another $7.4 billion. Trading on Bitstamp increased 53% from July, while activity through Robinhood’s app rose 72%.
Together, the two platforms averaged about $565 million in crypto trading volume per day during August.
The growth also shows how Bitstamp has become an important part of Robinhood’s crypto business since the company acquired the exchange in 2025. Robinhood began including Bitstamp’s crypto assets in its reported platform assets in June 2025.
Crypto is still only one part of Robinhood’s wider business, which includes stocks, options, futures, margin lending, cash products and event contracts. Total platform assets reached $384 billion at the end of August, up 26% from a year earlier.
The number of funded customers reached 28.6 million, while margin balances rose to $21.5 billion. Customer borrowing for trading was up 72% year over year.
Robinhood’s prediction-market business also continued to grow rapidly. Customers traded 4.7 billion event contracts in August. That was 23% lower than July but around 15 times higher than the 300 million contracts traded in August 2025.
These contracts allow users to trade on the outcome of events such as Federal Reserve decisions, elections and sports. A contract generally pays $1 if the selected outcome happens and zero if it does not.
Robinhood offers event contracts through exchanges including Kalshi and ForecastEx, along with Rothera, a joint venture launched in June. The rapid growth of this business has attracted more attention from lawmakers and regulators in the US.
Congress has introduced more than 10 bills related to prediction markets since January, according to the report. One proposal, the PREDICT Act, would stop members of Congress, the president and other senior federal officials from trading contracts tied to political events.
The main debate is over whether some event contracts should be treated as federally regulated financial products or as gambling. Sports and political contracts have drawn particular attention, and regulators in different states continue to disagree over which authorities should oversee them.
The issue is important for Robinhood because event contracts generated more transaction revenue than crypto during the second quarter. Any restrictions on these products could affect a business line that has grown quickly.
Robinhood is also expanding its blockchain business through Robinhood Chain, an Ethereum layer-2 network. The network is designed to process transactions away from Ethereum’s main network before posting data back to it.
By Sept. 1, decentralized exchanges on Robinhood Chain had recorded about $1.6 billion in daily volume, a 61% increase over four days. The public mainnet launched on July 1 with tokenized stocks and access through Robinhood Wallet in more than 120 countries.
The network has also faced some operational issues. On Sept. 4, Robinhood Chain experienced a 14-minute outage that stopped block production and delayed transfers and smart-contract transactions. Block production later resumed, and available information did not indicate that customer funds were lost.
Robinhood’s tokenized stock products face another limitation in the US. The stock tokens are not available to US customers and do not give holders ownership or voting rights in the companies they track.
Robinhood’s recent dispute with AMC has also increased attention on how these stock tokens are structured. Company filings say the tokens have not been registered under the US Securities Act and cannot be offered or sold to US persons.
Following the August operating update, Robinhood shares closed 0.83% lower. The company’s next quarterly earnings report is expected on Nov. 4.
