- Robinhood Crypto has enabled over 50 crypto assets for British users via its primary app.
- AI-based market summaries have been added by Robinhood, as HOOD approaches $93, with the resistance at $94.
- The total volume traded on the DEX via Robinhood Chain has surpassed $18 billion since the July 1 launch.
Robinhood Markets (HOOD) is currently trading near the levels of $93.21, and the latest price movements have indicated consolidation in prices after a recovery from the $83.70 support region.
The stock continues to be near the $93 region as it failed to sustain its movement above the $94 region. Indicators in technical analysis indicate mixed market conditions, as the 20-period moving average is seen at $91.33 providing near-term support, whereas the 100 EMA is seen at $95.89 and 50 EMA at $96.72.
Robinhood Crypto Trading Holds Near $93
The current chart data indicates that HOOD is trading at levels of $93.21 after seeing a decline of 1.24% in 24 hours for the Robinhood stock, HOODX.
Earlier price action showed a recovery from $83.70, but the rebound has so far encountered resistance around $94. The stock is also positioned near several moving averages, creating a closely watched technical range.
Key technical levels include:
- Resistance: $94, $95.89 and $96.72
- Support: $93, $91.33, $90 and $87
- Additional Fibonacci support: $89.31, $86.23 and $83.34
The Bollinger Band analysis previously placed resistance around $96.59. A move above that level and the $96.72 50 EMA would represent a break above several nearby technical barriers. Conversely, losing the $93 area would leave the $90 and $87 levels as the next support zones identified in the analysis.
Source: Trading View
Trading activity has also increased. HOODX recorded a 24-hour volume of $3.14 million, representing a 115.27% increase, according to the supplied market data.
Robinhood Crypto Expands UK Access
Robinhood has expanded its UK investing app to include cryptocurrency trading for eligible customers. The service provides access to more than 50 digital assets, including Bitcoin, Ethereum, XRP and Hyperliquid.
The cryptocurrency service operates through Bitstamp UK, following Robinhood’s acquisition of Bitstamp for $200 million last year. The company said customers will not pay trading, custody or account maintenance fees. Currency conversions carry a 0.1% foreign exchange fee, while some weekend conversions have a 0.3% fee.
Robinhood received registration with the Financial Conduct Authority (FCA) on July 31, while Bitstamp UK is also FCA-registered. Cryptocurrency assets held through the service are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
The UK expansion places Robinhood crypto services ahead of the country’s planned authorization framework. Applications under the new regime are expected to open in September 2026, while the framework is scheduled to take effect in October 2027. The existing FCA registration does not replace the authorization required under the future system.
AI Tool Added Alongside Crypto Trading
Robinhood is also introducing Cortex Digests for Crypto, a generative AI feature that reviews breaking news, market data, technical indicators and Robinhood’s own insights.
The tool is designed to provide summaries explaining factors that may be influencing cryptocurrency price movements. The information is presented within the investing app rather than requiring users to review multiple sources separately.
Blockchain operations by the company have been growing through Robinhood Chain, which is a Layer 2 network developed using Arbitrum technology. According to data provided by Robinhood, over $18 billion in trading volumes of decentralized exchanges and more than $840 million in total value locked were reported since the July 1 launch of Robinhood Chain. Developers, including those from the UK, can develop apps on the platform.
Crypto Revenue Falls amid Growth
The UK crypto growth move by Robinhood follows a drop in cryptocurrency transactions revenue in Q2 2026. Crypto transaction revenue fell 38% year over year to $100 million.
Total revenue, however, increased 32% to $1.31 billion during the quarter. Prediction-market revenue reached $156 million.
The figures place the UK crypto launch alongside a period in which the company’s overall revenue increased while cryptocurrency transaction revenue declined year over year.
FAQs
What is Robinhood crypto?
Crypto Robinhood is an example of the cryptocurrency trading services provided by Robinhood that now allows eligible customers from the UK access to over 50 cryptocurrencies.
What is the current resistance level for HOOD?
The above-mentioned technical analysis shows that $94 is the next level of resistance, and $95.89 and $96.72 are the subsequent resistances to the upside.
What are the main HOOD support levels?
The analysis identifies $93, $91.33, $90 and $87 as nearby support levels, with additional Fibonacci levels at $89.31, $86.23 and $83.34.
How much Bitcoin did Strategy sell?
Strategy sold 1,690 BTC for approximately $108.6 million between Aug. 3 and Aug. 9.
