Robinhood Markets reported a sharp monthly recovery in cryptocurrency trading volume for August 2026, with notional volume rising 61% to $17.5 billion. The figure remains substantially lower than the $28.1 billion recorded in the same month a year earlier, marking a 38% year-over-year decline.

The increase came after a quieter July, when volume stood at $10.9 billion. Average daily crypto turnover across the company’s platforms reached about $565 million during the month.

Bitstamp Drives Majority of Activity

Bitstamp, the cryptocurrency exchange Robinhood acquired in June 2025, accounted for the larger share of August volume at $10.1 billion. That represented a 53% rise from the prior month but a 30% drop from August 2025.

Trading through the Robinhood app generated $7.4 billion, up 72% month-over-month yet down 46% from the year-earlier period. The exchange has expanded Robinhood’s crypto footprint beyond its core retail brokerage platform.

Figures exclude any crypto volume generated on Robinhood Chain, the company’s Ethereum-compatible network.

Quarterly Trends and Revenue Context

In the second quarter of 2026, Robinhood’s overall crypto trading volume reached $40 billion, with Bitstamp contributing $22 billion and the app $18 billion. Crypto transaction revenue for that period fell 38% year-over-year to $100 million from roughly $160 million.

Stronger results in event contracts, options and equities more than compensated for the softer digital-asset performance, enabling the firm to report record quarterly revenue and earnings.

Total platform assets stood at $384 billion at the end of August, a 26% increase from a year earlier. Funded accounts reached 28.6 million, while margin balances climbed 72% year-over-year to $21.5 billion.

Broader Platform and Network Developments

Robinhood continues to develop Robinhood Chain, which supports tokenized stocks and decentralized trading access in more than 120 countries. Research firm Bernstein has projected the network could generate approximately $160 million in annual fees by 2028.

The company has noted operational challenges on the chain, including a brief network interruption in early September that temporarily halted block production without reported loss of customer balances. Stock tokens on the network are not available to U.S. customers.

Prediction-market activity remains a faster-growing segment relative to crypto transaction revenue. Event contracts are offered through regulated exchanges and a joint venture, covering outcomes such as monetary-policy decisions and elections. Regulatory scrutiny of these products has increased in the United States, with multiple legislative proposals under discussion.

Robinhood shares closed modestly lower following the release of the August operating data.