Robinhood's July crypto trading volume drops 62% YoY to $10.9 billion

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According to MarsBit, Robinhood’s crypto trading volume in July fell 62% year-over-year to $10.9 billion. Transaction volume on the Robinhood app dropped 74% to $4.3 billion, while Bitstamp’s trading volume declined 45% to $6.6 billion. The platform’s transaction volume also decreased 33% month-over-month.

According to The Block, as reported by Huoxing Finance, Robinhood's crypto notional trading volume in July decreased by 33% month-over-month and by 62% year-over-year to $10.9 billion. Of this, crypto notional trading volume on the Robinhood app fell by 74% year-over-year to $4.3 billion, while Bitstamp's volume dropped by 45% to $6.6 billion.

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