Robinhood’s Crypto Trading Surges 110% in July Amid Bull Market Momentum

Robinhood Markets (Nasdaq: HOOD) saw a major upswing in crypto activity in July, with app-based crypto notional trading volumes hitting $16.8 billion, a 110% jump from June and 217% higher than the same month last year.

According to the July operating data, the trading spike comes amid a bullish crypto market, with bitcoin and ether hovering near multi-year highs and attracting renewed retail participation. Robinhood’s Bitstamp exchange also posted a strong month, recording $11.9 billion in crypto volumes, up 78% from June.

The broader platform reflected similar momentum. Total platform assets rose to $298 billion, up 7% month-over-month and more than doubling year-over-year. Funded customer accounts reached 26.7 million, adding about 160,000 in July.

Robinhood’s core trading metrics also showed strength. Equity trading volumes climbed 17% from June, options activity rose 16%, and margin balances jumped 20% to $11.4 billion, a 111% increase compared to last year.

The surge in crypto activity underscores Robinhood’s growing role as a key on-ramp for retail digital asset investors. With more users engaging in both crypto and traditional markets, the company appears to be benefiting from the broader resurgence in risk assets.

If market momentum holds, particularly in BTC and ETH, Robinhood could see sustained elevated crypto volumes in the coming months, solidifying its position in the retail trading landscape.

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